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Cable

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
GBPUSD H1 - Long SetupGBPUSD H1 The pair hit a high of 1.3898 yesterday after more hawkish remarks by BOE policymaker, Michael Saunders. Sellers tried testing waters just below 1.3800 earlier, with the low touching 1.3793 for a brief moment before a turnaround now to a session high of 1.3850. In the bigger picture, the BOE has been playing it slow with regards to normalising policy but if Saunders' remarks yesterday was a start and if there is some follow through, perhaps the pound can find more reasons to challenge for a move higher.
Long
by Trade_Simple_FX
GBPUSD Strategy WeeklyA very similar example here in GBPUSD: Sellers surrendering control; buyers are seeking to restrict the flows with a very bullish close above 1.390x. Both sides are now locked and loaded; Sellers are so compacted from the five months of consolidation (securing a breach of the top of the range is what we are tracking here). After the Daily and Weekly close above 6th July highs, the HH is in, and technical damage should have been done. Sellers have their blockades up at 1.402x/1.403x which is the next target (a poor entry and risk to reward if you are not already in from last week). I mean taking 1.402x/403x would make it very difficult for sellers to defend and also open an attack to the 1.425x highs. On the other hand, a breakdown of the range from sellers would mark a very aggressive high. Finding the correct side in these flows is of utmost importance. To recap as quickly as possible.... We are tracking for continuing pressure on the 'early' sellers, another squeeze with a final move back towards the 1.425x highs later in the year, before we see a lot of profit taking and capital flight back to USD in 2022.
Long
by ridethepig
4
WITH BULLS IN CONTROL, CABLE TARGETING ABOVE 1.40000With bulls now in control (temporarily), GBPUSD is likely to rally above 1.40000. First thing first, the pair must have a "good" bullish close above the high at 1.38988, else any rejection here will make the rally to 1.4000 a mirage. Then a decent pullback to re-test 1.38988 will be the catalyst to propel cable above 1.40000 - where sellers are waiting N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
Long
by BullBearMkt