I agree with you Navk, about 2467 having a modest resistance. I noticed that in the last 3 weeks, the trend has been one sided without giving the other direction up to 10 pips. Secondly, the Tokyo market direction also showed what the direction for ...

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Hello Navk, why will you be surprised?

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Thanks for the attention. Cheers

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I make use of cyclical ranges and price action behaviour with the aid of Japanese candle sticks.

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Here we are at 1.2260 since 1.24 failed to hold during London open... Now we should find a strong support here and head back to 1.2550 in few days. Stay safe and trade profitably

Cable Update (GBPUSD)

70 to 140 pips movement expected by 3pm UK time today, it has been like this past 3 weeks. 3 hours 24 minutes to potential start of this action.

Cable Update (GBPUSD)

I have been following your posts closely and they are very helpful. There will definitely be a break out from this 1.22 - 1.26 range and it seems to me that it is 1.26 that will break to 1.2750. in this current week, the expected range is 220 - 300 ...

Cable Update (GBPUSD)

Should 1.24 fail to hold in this London open is certain invitation to 1.2260, while a firm hold of 1.24 during this London open is clear trend reversal back to 1.2550 this week stay safe and trade profitably

Cable Update (GBPUSD)

In the very short term failure to break 1.2400 is certain invitation of 1.2260 today, while at 1.22 region rest a support which will likely be the last line of defence before price will surge aggressively once again to 1.27 within days. In the last ...

Cable Update (GBPUSD)

Two buy trades are ideal first from this level 1.2350 then second potential buy from 1.2250, stop for both can be set at 1.2150 while target should be at 1.2550. recommended stake being maximum of 5%. Stay safe and trade profitably.

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It is now happening exactly as anticipated. Any upmove back to 1.2430 should be met with a sell to 1.2300. stay safe and trade wisely.

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It can end up being a no event. Gone are the days NFP used to shake the market

Cable Update (GBPUSD)

Slow start to Monday can only mean a volatile Tuesday/Wednesday. Expected weekly range between 220 - 300 pips. Last two weeks candles have seen a dominant one sided victory with retracement at the latter days of the week.

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That was a deep search but these market makers are smart, they will make this last trading day in May Sell aggressively or end it as doji/draw

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Great piece of analysis you have got here. Friday bearish move was necessary to correct the weekly range overbought condition and also to drag the 4 hours RSI from 73 back to medium at 50. Most Mays are bearish in nature and the medium term trend is ...

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It will definitely get filled as price will still touch 1.35 between August to October this year.

Cable Update (GBPUSD)

Month May usually gets bearish and today's strong bullish move add credence that May has strong bearish tendency to 1.22 region. Now pay attention to the opening price of May, add maximum of 140 pips to it (might not necessarily buy to 1.2730 ...

Cable Update (GBPUSD)

This is most likely the beginning of a new trend down. Weekly range already done at 280 pips which happens to be a coincidence of April 14 high. 4 hours RSI crossed 73 region which 90% of the time shows reversal is imminent. May is very much around ...

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The Armageddon of May... 140 pips added to the opening price of May minus minimum of 500 pips is the low projection for May which points at 1.21xx

Cable Update (GBPUSD)

Price had a strong rejection at 1.2520 two days ago, a strong resistance is there. Wouldn't be surprised when reverses to 1.2350 today or tomorrow since weekly range is not complete yet.

Cable Update (GBPUSD)