Cable: Intraday players still on the bid by Reece Marini

GBPUSD H4 The trend line (Pink) at 1.53400 and the better than expected NFP out of the US capped the recent run higher in Cable. The market will need to see a strong close back abo …
0 Comments Read more →

Trade Idea: Sell Cable at 1.51000 by Reece Marini

GBPUSD H1 I will look to sell Cable between 1.51000/1.51100 with a stop at 1.51300. The initial target will be 1.50600, with the overall target 1.49500. The reason for taking this …
0 Comments Read more →

GBPUSD: Cable back at 1.5000 after a quick dip to 1.4970; lower levels ahead. UK R/S later by FX Charts

GBP/USD: 1.5016 Following a brief spike to the session high of 1.5212, the ECB’s QE launch helped to drive Cable lower, in sympathy with the Euro, to below the Jan 8 low at 1.503 …
0 Comments Read more →

Cable: Is this the level to go long by Reece Marini

GBPUSD M30 Cable has attracted solid buying on the AB=CD (Light blue) and 1:1 (White) that coincided with an important 50 fib at 1.51500 during yesterdays NY session. As long as th …
0 Comments Read more →

Is 1.55400 the bottom in Cable ? by Reece Marini

GBPUSD H4 The break below the triple bottom (White) looks to have been a false break with the market reversing pretty quickly once it was back above the 1.55800 low. The 1:1 (Yello …
0 Comments Read more →

GBPUSD: Back below 1.6000 and looking heavy by Jim Langlands

GBP/USD: 1.5965 Cable got hit hard on Friday and was already looking soft after the release of the services UK PMI data; 58.7( v 59.1-exp), but accelerated to an 11-month low of …
0 Comments Read more →

Cable approaching important 50 fibo level by Reece Marini

GBPUSD Daily Cable has overbalanced all previous corrections in this move higher from 10/07/13 this indicated that there would be a possible change in trend and we have seen this s …
0 Comments Read more →

Sell off to continue in Cable

GBPUSD Daily The bears have taken out the 1:1 (Purple) overbalancing the current up trend and opening up this market for further losses, the next major support isn’t until the 38 …
0 Comments Read more →