That is exactly where my 100 fib line is so I am in total agreement with you. If it breaks that it is going to at least the 138.2 or 161.8 fib which would be about 1.67250 and 1.67500 respectively. From there we would get the bears on board for a ...

Cable Update (GBPUSD)

This here is the critical point for the month. Speaking long term, the monthly chart's high on this candle is just under last months high, so if it breaks that it should go up to the 1.7000 area, which happens to be the 138.2 fib line on the daily ...

Cable Update (GBPUSD)

By the looks of everything, it appears that it should breakout on the downside. The 4 hour chart is hanging around the 161.8 fib line and some retracement is needed. The daily is in a downtrend as well with lower highs and lower lows. Unfortunatly, ...

Cable Update (GBPUSD)

Good bye, Hello. — Good bye bears, hello bulls.

Cable Update (GBPUSD)

Technically since GBP is first on the currency pair, better that expected news would make the USD more valuable, which in turn would drive the price down, not up.

Cable Update (GBPUSD)

I agree with your assessment. My 4 hour chart looks very bearish as well as the Daily and weekly charts. The 4 hour chart keeps bouncing off the 161.8 fib line while the daily is haveing problems crossing above the 50 fib and the weekly 38.2. The ...

Cable Update (GBPUSD)

Couldn't of said it better myself. You and I have the same problem, both went to make coffee. Only thing is that I caught the breakout but wasn't here to close out before the retrace. I have the same targets as you as well.

Cable Update (GBPUSD)

It appears that it is going to test the 50 fib line any moment now, we shall have a direction soon I feel.

Cable Update (GBPUSD)

Possibly — It does appear that it may drop, however it is hanging out between the 38.2 and 50 fibs on the daily. There has been alot of sideways action and the charts have not made up their mind which direction they want to go for sure. Cable ...

Cable Update (GBPUSD)