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- anandy1 replied Aug 15, 2022
Typical GU up vs down ration from Monday to Froday. Statistically GU is up more on Wed and Thu. Day UpWeeks DownWeeks Ratio Mon 29 23 1.26087 Tues 30 22 1.363636 Wed 24 28 0.857143 Thu 24 29 0.827586 Fri 29 24 1.208333
Cable Update (GBPUSD)
- anandy1 replied Aug 12, 2022
Closed all long position. Should reach 2150 levels today.
Cable Update (GBPUSD)
- anandy1 replied Aug 12, 2022
The downtrend for GU for today is done. I think the pair will bounce. Fresh shorts might happen from next week.
Cable Update (GBPUSD)
- anandy1 replied Aug 12, 2022
GU next target 1.213. Sadly not in the trade. Missed the right entry point.
Cable Update (GBPUSD)
- anandy1 replied Aug 10, 2022
Looks like we finally broke out of a downtrend. We can expect higher levels. But a lot of negative data on GU makes it difficult to trade.
Cable Update (GBPUSD)
- anandy1 replied Aug 10, 2022
Market knew the CPI data was soft. From asia to Europe the dollor dropped. I am glad i was out of the trade since market was not behaving i was expecting. Did some GBPJPY long from lower levels. Its always wise to wait for the data and trade once ...
Cable Update (GBPUSD)
- anandy1 replied Aug 10, 2022
Currently the market is kinda directionless. May be the market is expecting a softer CPI number. EU still bullish compared to GU. Better to trade post CPI data.
Cable Update (GBPUSD)
- anandy1 replied Aug 10, 2022
Below 1.20650 levels GU will breakdown. Else its ranging till CPI data. Nothing going positive for GU but its market never knows....
Cable Update (GBPUSD)
- anandy1 replied Aug 9, 2022
US productivity slumped for a second-straight quarter as the economy shrank, driving another surge in labor costs that risks keeping inflation elevated and further complicates the Federal Reserve’s efforts to tame price increases.
Cable Update (GBPUSD)
- anandy1 replied Aug 9, 2022
Until GU crosses 1.21350 i feel it will range bound.
Cable Update (GBPUSD)
- anandy1 replied Aug 9, 2022
1.21129 is crucial resistance on STF. Below that it can easily reach to 1.209. If long-term downtrend channel doesn't act as support then GU will breakdown side.
Cable Update (GBPUSD)
- anandy1 replied Aug 9, 2022
GU broke the slope. Expect a large target. EU has already broken the trend and moved higher.
Cable Update (GBPUSD)
- anandy1 replied Aug 9, 2022
Eur is trying to cross the downtrend line. If it crosses then we can see big jump in Euro. Between EU and GU I would prefer EU.
Cable Update (GBPUSD)
- anandy1 replied Aug 8, 2022
@fflush it will all depend on CPI data which is due on Wednesday. If US CPI shows no signs of slowing down then DXY will move up like crazy. GU might be pushed to retest its recent lows. Looking at the strong US data i believe CPI will be on higher ...
Cable Update (GBPUSD)
- anandy1 replied Aug 8, 2022
UK is clearly in recession. Plus strong US economic data will push dollar higher. Its temporary bump in GU to push it down later. My opinion.
Cable Update (GBPUSD)