As I expected, the price bounced off 1.9773 which is today's daily pivot AND weekly central. Although the immediate direction seems to be down (next support is the daily S1 at 1.9728), the gap should eventually close even if briefly. It can take as ...

Cable Update (GBPUSD)

Wow! What a nice gap on the open! In my wildest dream I thopught it would start at 1.9778 As for the gap closing now it will definitely revisit the pivot points area in the 1.9770's

Cable Update (GBPUSD)

Expect an open with a gap down today (around 1.9797-1.9805) and visit towards the pivot points conveniently congested in the 1.9770's (weekly pivot at 1.9778 and daily pivot at 1.9773). The pivots being so close and tight there is no way the price ...

Cable Update (GBPUSD)

The current setup looks to me like a classic GBP behaviour on Friday... Slow rise during the last 2 hours to close around x.xx30-40. Most likely the daily R1 @ 1.9830 will be the absolute maximum. This is usually followed by a Sunday 20 - 30 pips ...

Cable Update (GBPUSD)

Look at the weekly chart - current week is closing where it started for a nice bearish candle. Sunday open below 1.9799 would be a classic turnaround signal

Cable Update (GBPUSD)

I am starting to build shorts. Entered at 1.9765, 1.9780 More entries at 1.9799 (weekly central) and if we get there -1.9830 (daily R1) The pair is nearing the top of the bearish channel, these last Friday hours are a good opportunity to position ...

Cable Update (GBPUSD)

fxdoc, Central pivot is the opening price of the day or the week. Therefore, the daily central is the open of a candle at 17:00 EST As for the weekly central - this is the open of the first candle on Sunday. That time is 15:30 EST on Sunday. Very ...

Cable Update (GBPUSD)

I remember analogous GBP behaviour on this negative consumer confidence release... It will go down, wait till the European session opens... It is already busted down through the daily pivot point (1.9750), and starts to form a trend down Currently ...

Cable Update (GBPUSD)

Tighten the belts and don't leave your seats Good luck all! I am going to bed without stop loss, taking profit @ 1.9750, 1.9720, and 1.9690

Cable Update (GBPUSD)

I think the current hold-up is due to the daily pivot on EUR/GBP @ 0.7910 It will pop soon (or EUR will follow)

Cable Update (GBPUSD)

LOL, Malaysia :-) May I occupy two rows (3d and 4th) with my luggage? I have just added more shorts @ 1.9781

Cable Update (GBPUSD)

Immediate short target - 1.9745 (mid-pivot between weekly pivot 1.9689 snd weekly central - 1.9799) After that - Daily S1 @ 1.9734, and weekly pivot - 1.9689 provided the housing news are negative enough. Current trend is down, and it is breaking ...

Cable Update (GBPUSD)

Tmac, my broker opens at 5-15 on Sunday. I bet on GBP gap down whenever the pound raises from x.xx00 to x.xx30-40 during the last 2 hours on Friday - when pricing is purely speculative and liquidity is extremely low. In most of the cases it would ...

Cable Update (GBPUSD)

Added longs @ 1.9798, revised target for today - 1.9830 - 1.9835. Will short at market price at 4:45 p.m. to catch Sunday gap down (at least 25 pips)

Cable Update (GBPUSD)

GBP will go down, but you'll have to wait till Sunday...More specifically European open on Monday. Friday afternoon have been bullish for GBP most of the time this year. Plus, the current local trend is up. Best strategy - go short last minute ...

Cable Update (GBPUSD)

Currently, the trend is still up. I anticipate GBP to close between 1.9840 and 1.9870, and gap down on Sunday

Cable Update (GBPUSD)

I spotted a long-term no-brainer on EUR/CHF (can't guarantee that "90% accuracy", though ), but it looks pretty solid. Here is my analysis in the news section: url

No Brainer Trades

Yes, this should be the top. It also coinsides with the daily mip-pivot level (1.9637), and slow_k indicator shows overbought state

Cable Update (GBPUSD)

Beautiful bounce off the daily pivot (104.21). If it yields (I doubt it will) the next stop will be the weekly pivot(104.01)=daily central(104.01)

USD/JPY Discussion

Navin, this weekly chart you are showing has completed a very beautiful head-and-shoulders pattern... It should result in a nice clean break down. Therefore, I expect a very modest retrace no more than 50-100 pips up followed by a break. Yen is ...

Cable Update (GBPUSD)