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Cable

GBP USD - update from 18.08.2021Sellers took control of the market yesterday with an expected downside move, we are now experiencing a pull back on the four hour which; 1. looks to correct to 1.3718X in the Fibonacci structure, for further sells. 2. The monthly has been broken, but the close of the market needs to distinguish a clean break for confirmed further selling power down to the Fibonacci targets and imbalance targets respectively. To explain further - take the Fibonacci from the 1.43 to the low of 1.3574 gives the weekly Fibonacci. The daily comes from the sell zone in orange giving you the point 1 to point 0 of the low. We are now experiencing a pullback on the four hour/daily Fibonacci referring to "0" at 1.3718. Only looking for sells. Enjoy the trading. About me, Professional analyst at a hedge fund Technical approach only. Experience with FX markets and private equity deals. XYHLX
Short
by XYHLX
Rising dollar strengthCable has not been generous enough to provide us with solid moves as it has been stuck in a 1.42000-1.35867 range from the very February. The shorter term hasn't been great for it either, being bearish for 9 consecutive days. The technicals show the 61% fibs being respected what points out on stronger levels below - rejection of which might give us better entries for short positions. As for the targets, I personally believe the 1.35861 level is the most likely to see the price at in the nearest future. Cheers!
Short
by UnknownUnicorn7223713
Cable analysis 10/8/21We have broken bearish trendline awaiting a retest. so we are still short. reaction yesterday was expected as EURUSD and USDJPY were at significant support and resistance zones respectively. these pairs are highly correlated. check my analysis for EURUSD yesterday and you will see the expected reaction before market acted. today we expect the market to move slightly higher for GBPUSD and EURUSD before selling off again at resistance points 1.3890 and 1.1750 respectively. Cable is expected to make a true reversal at 1.3770 and fibre at 1.1705 USDJPY expected to sell off for a short while up to 110.20 and expect it to rally during New York session. So lets sit on our hand for now guys. "Just don't do anything until you know you've got it right" James B Rogers
Short
by mitcho12345
GJ to take a turn from here?Watch for turning here...not just for GJ but other crosses like AJ and Cadj Hello there! If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏 And if you would like to show further support for me, you can gift me some coins on tradingview! 😁 Thank you! Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared. Thank you, and please do your due diligence before any putting on any trades!
by Shadowing_The_Big_Boys
A resistance tough to overcome? GBPUSD might turn lower... Hello there! If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏 And if you would like to show further support for me, you can gift me some coins on tradingview! 😁 Thank you! Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared. Thank you, and please do your due diligence before any putting on any trades!
Short
by Shadowing_The_Big_Boys
GBPUSD - To Break LowerGBPUSD H1: Lots of confluence on GBPUSD here points to a break lower. Here we have a rejection of the 4 hour descending TL (on the 4 hour chart this also lines up with a rejection of the 100 EMA) The bullish push on the last hour candle I believe is one last run up before price continues its decline. 1.38 is holding as an area of support but if this breaks I believe we will see sub-1.38 prices today. With 1.39 holding as such strong psychological resistance i am definitely in favour of further bearish movement. The short position tool added to my chart highlights an excellent R:R of 1:4 with the target being at the 1.37500 mid-psychological level. let's see how this plays out! Hopefully some USD strength on New York open can provide further momentum to reaching target.
Short
by MMQ_FX