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- anandy1 replied Jul 29, 2022
GU got beautiful support from a bullish trendline. Looking for next target of 1.232 and 1.248. Expect some fireworks on Thursday when BOE announces interest rates.
Cable Update (GBPUSD)
- anandy1 replied Jul 29, 2022
There is no FOMC meeting in August so dollor index will ease a bit.
Cable Update (GBPUSD)
- anandy1 replied Jul 29, 2022
US data came very strong so GU corrected a bit. I guess it will pull back to 1.215 levels because dollar is too weak. Dollor index should take resistance from 100EMA and support line should act as resistance.
Cable Update (GBPUSD)
- anandy1 replied Jul 29, 2022
GU short below 1.21558. Target : 1.21235. StopLoss 1.21767
Cable Update (GBPUSD)
- anandy1 replied Jul 29, 2022
As predicted 1.225 is closer. I feel 1.22562 is a better area to short this pair.
Cable Update (GBPUSD)
- anandy1 replied Jul 29, 2022
Its a very strong bullish trend. No point in shorting this market. Wait for some support to be formed and then it breaks the support. GU can easily fly to higher levels now. Remember interest rate cycle is nearing an end or at least that is what the ...
Cable Update (GBPUSD)
- anandy1 replied Jul 29, 2022
@Wavegarrick, you carry your trades for how long? When do you plan to sell your earlier positions? Do you have any target in mind?
Cable Update (GBPUSD)
- anandy1 replied Jul 29, 2022
Keep an eye on GBPJPY. At very good support levels. Can easily reach 163.200 since gold is also flying. Trade safe. Stop loss : 161.900
Cable Update (GBPUSD)
- anandy1 replied Jul 29, 2022
If GU can hold 1.21842 levels till London pre-opening then we will see higher levels today. Clean candles above 1.22031 easy reach 1.225 to 1.23 levels today. If it breaks 1.21842 support then next support is 1.21642. Trade safe.
Cable Update (GBPUSD)
- anandy1 replied Jul 28, 2022
One hour wick is respecting the low of 1.21540. Till it breaks 1.21540 we will be in bullish mode. Trade safe.
Cable Update (GBPUSD)
- anandy1 replied Jul 27, 2022
Overall the trend is bullish. 1.21855 is the next resistance area. Needs to be seen if Pre-London or London opening breaks this region. Else it might correct a bit before continuing with the bullish trend. The next target is 1.23203.
Cable Update (GBPUSD)
- anandy1 replied Jul 27, 2022
I think GU will close near to 1.21 levels and start an uptrend from tomorrow. GN folks.
Cable Update (GBPUSD)
- anandy1 replied Jul 27, 2022
As expected 75bps was already factored in. Also, Powell mentioned that the rate of the hike will slow down in his speech which kinda accelerated the price rise. I guess GU should rise from now on.
Cable Update (GBPUSD)
- anandy1 replied Jul 27, 2022
I think market knows something. Suddenly spiked from 1.202 to 1.205. Will GU cross 1.21 today?
Cable Update (GBPUSD)
- anandy1 replied Jul 27, 2022
Market is very volatile at the moment. Better to wait for FOMC results.
Cable Update (GBPUSD)
- anandy1 replied Mar 19, 2021
Hello Everyone, I am pretty old to this website but this would be my first post. I think DXY has a good support at 91.658. If this suppport breaks we can have bullish move on GBP. Waiting for DXY to break this mark.
Cable Update (GBPUSD)