Now, in order to morph this correction into something more we need acceptation above major levels around here: 3664, 3686-7. If not watch out again.

Lock's Cable Corner

...as you may appreciate

Lock's Cable Corner

forcing action downside:watch out. If something will go wrong expect fast correction.

Lock's Cable Corner

Main levels for today GB session: 3758 GB current yearly high (weak as it is a tag of Tokyo high) 3721 yesterday GB spike down base 36925 yesterday GB low 3687 yesterday GB close (note: it coincides with 2021 GB open) 3686 GB 2020 absolute high 3664 ...

Lock's Cable Corner

Almost 23 hours ago I wrote: GB was not able to find acceptation above 37455 one of its main levels and eventually liquidated: doing so it corrected most of the previous day weak and ugly profile as expected.

Cable Update (GBPUSD)

GB was not able to find acceptation above 37455 one of its main levels and eventually liquidated: doing so it corrected most of the previous day weak and ugly profile as expected.

Lock's Cable Corner

Main refs for today GB session are: 37455 current GB high for 2021 3727 yesterday GB close and also highest GB close of the year 37015 yesterday GB high Monitor for acceptation above 374555 and 3727. Also monitor for the possible formation of a new ...

Lock's Cable Corner

Almost 8 hours ago I wrote: Acceptation above 3651 and as you see price retraced up to 3745 ...

Cable Update (GBPUSD)

Acceptation above 3651 and as you see price retraced up to 3745 zone...

Lock's Cable Corner

Technically it is and we also have Syd, Tokyo and current GB back to back poor highs. In any case I'm off. I'm too tired today. Have a nice continuation.

Lock's Cable Corner

here it is: retesting breakeven image

Lock's Cable Corner

price is retesting breakeven (3651 zone) If rejection above it (or even not reached), we can expect continuation downside (to retest 36175. If acceptation above, we can expect full retracement of the 4 sessions bracket to current year high 37455

Lock's Cable Corner

in relation to the bracket situation I was speaking about: image

Lock's Cable Corner

well... 36175 is 2018 May bracket high. It has been an important level in the last weeks. Any serious GB action downside will need acceptation below it.

Lock's Cable Corner

There is a price bracket made by the last 4 GB sessions: it ranges from Friday low 3651 to current GB absolute high 37455. Currently Tokyo is testing below it, so it is attempting a break from balance. If it will succeed and if GB will approve such ...

Lock's Cable Corner

Well, actually it was a rhetorical question: we were close to major yearly levels that any professional trader in this market had in mind in order to evaluate other participants' behavior. As you saw price went down from such a level (37195) to ...

Lock's Cable Corner

B possible inside period: if so balance rules apply

Lock's Cable Corner

what is a daily pivot?

Lock's Cable Corner

3699 is yesterday GB high: monitor for the possible formation of a new gap upside.

Lock's Cable Corner

37195 highest GB close of January 3687 GB 2021 year open 3686 GB 2020 absolute high 3683 GB last week close These are the main levels in relation to current price location.

Lock's Cable Corner