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- anandy1 replied Mar 10, 2023
Positive GDP data changed the direction for cable. It suddenly became buy instead of sell. A lot of short-covering plus softer US data pushed cable to 1.21 levels.
Cable Update (GBPUSD)
- anandy1 replied Mar 10, 2023
Amazing day today. I think cable can hit 1.213 today.
Cable Update (GBPUSD)
- anandy1 replied Mar 9, 2023
1.192 on cards for GBP USD. I think the Unemployment Claims forecast is high which is getting factored into the currency. Also W patter on 1 hour TF. Lets see if bulls get upper hand today.
Cable Update (GBPUSD)
- anandy1 replied Mar 1, 2023
TP : 1.21453. Positive China PMI data and Brexit will help GBP keep its momentum. Hopefully, US ISM Manufacturing PMI will be a reasonable number and doesn't surprise on the upside.
Cable Update (GBPUSD)
- anandy1 replied Feb 15, 2023
GU breaking the downtrend channel. Expect some decent upmove.
Cable Update (GBPUSD)
- anandy1 replied Dec 7, 2022
Price takes a bit of resistance at 200EMA. Once it breaks this next resistance is the trendline.
Cable Update (GBPUSD)
- anandy1 replied Dec 7, 2022
High probability trade. GU can retest the previous day's high. Wait for 15 min candle close above 1.21569 line for confirmation to entry.
Cable Update (GBPUSD)
- anandy1 replied Aug 19, 2022
Look at the volume in both the events which changed the trend. June 16th heavy buying in June which started the bull phase. 11th August heavy sell volume which started bear phase. So logically wait for the green candle with heavy volume to go long ...
Cable Update (GBPUSD)
- anandy1 replied Aug 19, 2022
Only two scenarios for GU bounce. 1) Double bottom at 1.756 2) Bounce off the trend line at 1.57
Cable Update (GBPUSD)
- anandy1 replied Aug 19, 2022
"The GBP/USD rate has broken back below the 1.2000 level and a recent build-up of long GBP positioning by Leveraged Funds could be vulnerable to liquidation propelling GBP/USD lower still," ...this could be one possible reason ?
Cable Update (GBPUSD)
- anandy1 replied Aug 19, 2022
High expectations of recession in 2023 and bad UK data will push the pound to lifetime lows. Wait for a while. url
Cable Update (GBPUSD)
- anandy1 replied Aug 19, 2022
Moty, just book loss and wait for a better entry.
Cable Update (GBPUSD)
- anandy1 replied Aug 19, 2022
I feel some technical bounce is possible before further downside. I could be totally wrong because fundamentally no news that can support GU.
Cable Update (GBPUSD)
- anandy1 replied Aug 17, 2022
GU looks very weak. I guess it will be range bound till US data.
Cable Update (GBPUSD)
- anandy1 replied Aug 16, 2022
Possible GU target. I would be surprised if it manages to cross that level. If it can cross that level then GU can easily tap to 1.22. Post news GU should correct.
Cable Update (GBPUSD)