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Why is GBPUSD called cable? 76 replies
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cable short for gbpusd? 6 replies
DislikedMy view is lightly bearish at present. I have indicated the levels of importance to me at present.
1) We have the Friday's close @ 1.6395 and just below that, the weekly open price of 1.6391.
2) The 50% line of this week sitting @ 1.6381
Longs can be taken once these are broken and price advances above the 1.6400 round number to clear last week's high of 1.6411.
To the downside, Thursday's close @ 1.6317, then the monthly open of 1.6287, Friday' low @ 1.6285 and finally the 50% month range @ 1.6276
High probability shorts below...Ignored
DislikedCable TP 3 at 16440 hit, +278, holding remaining longs for remaining targets here:
http://www.forexfactory.com/showpost...stcount=161658
GBP/JPY longs held from 15119, loaded further longs at 15177 lower trendline bounce area (shown on chart).
GBP/USD longs held from 16162, loaded further longs at 16338 LTL bounce area. (shown on chart)
USD/JPY holding from 9256, expecting further upside, but waiting to see if better entry price presents itself (shown on chart)
Not too phased about today's PA seeing as no-one...Ignored
DislikedWithout sounding totally stupid - would you care to explain the significance of this formation? What does it tell you?
Thanking youIgnored
DislikedHi tau how's it going.
Daily closed bearish engulfing off 6380 resistance level.
That's a top reversal at a very significant level.Ignored