Intraday players lining up to buy Cable at 1.55250

GBPUSD H1 Cable took a hit in early London trade with a number of economic data missing the mark, the worse than expected data also coincided with a 3 Drives pattern that helped to …
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Cable: Intraday players buying aggressively on 1.54300

GBPUSD H4 Cable now looks to have carved out a solid base on the 50 Fib level at 1.51900 with the market taking out the AB=CD (Purple) and 50 Fib at 1.54700/900 (see below). GBPUSD …
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Cable: Bears lining up to sell at 1.54700/900

GBPUSD H4 Cable has attracted a number of buyers for the second time today on the 50 Fibonacci level at 1.51880, taking out a number of stops above the 1.54400 high. GBPUSD H1 Bear …
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Smart money selling into 0.77600 ahead of Aussie data

AUDUSD H4 After taking out the major 1:1 (Yellow) and 50 Fib (Purple) the Aussie has continued to slid with the bears now pushing for large stops that are likely sitting just below …
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Cable: Day traders selling into recent rally, see why?

GBPUSD H4 Cable has been trading sideways throughout the Asian and early European session after finding support on the 50 Fib (White) (see below) after the sell off overnight. The …
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Cable: 1.56400 support attracts solid buying interest

GBPUSD H1 I mentioned in my previous Forex report that day traders would likely be closely eying support at 1.57000 and 1.56400. The 1:1 (Purple) support at 1.57000 saw strong buyi …
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Day traders closely eying 1.56400 support

GBPUSD Daily Cable continues to push higher with the 50 Fib at 1.58780 now only 68 pips away, this level is likely to be tested in the coming days with little to no resistance betw …
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Cable: Stops cleared above 1.55700, now looking for buying opportunities

GBPUSD Daily I mentioned in yesterday Forex report that there were likely a number of large vulnerable stops that were likely sitting just above the 1.55700 level, these stops star …
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Cable: Bulls pushing for stops above 1.55700

GBPUSD Daily Cable bulls are pushing for a number of vulnerable stops that are sitting just above the old high (Blue) and 38.2 Fib at 1.55700. A break above this level will likely …
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Cable: Large stops above 1.5550 looking vulnerable

GBPUSD Daily The recent run high in Cable has see a number of traders stopped out of short positions post the UK election. The level that will be closely watch now is the 1.5550 hi …
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