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Cable - where's it going next?
Member Since Oct 02, 2014
905 posts
Aug 03, 2015 at 16:30
Inari posted:
Certainly in the afternoon sessions the USD is the prime driver and unless there if specific and unscheduled news that is Euro or Sterling specific most afternoon sessions will see the EUR/USD and GBP/USD follow a similar path.
You can watch the ranging of the EUR/GBP cross for small opportunities but do not expect to make a fortune on these trades :)
Sean
Thank you for sharing.
Positivity
Member Since Jul 10, 2014
1114 posts
Aug 08, 2015 at 09:14
GBP/USD finally broke below the support at 1.5500, so it will probably continue falling towards the next level of support at 1.5370.
Member Since Oct 02, 2014
905 posts
Aug 09, 2015 at 16:34
A change in trend might be expected soon.
Positivity
Member Since Oct 11, 2013
769 posts
Aug 10, 2015 at 03:42
(edited Aug 10, 2015 at 03:43)
If the GBPUSD breaks above the 1.5500 level, it may try to pullback some more to the upside, but the level remains a very good resistance so far.
Member Since Oct 11, 2013
769 posts
Aug 18, 2015 at 06:28
Big day on Tuesday for Cable, important news announcements.
Member Since Oct 11, 2013
769 posts
Aug 24, 2015 at 06:48
Well, the GBPUSD stays below the 1.5700 level, seems like a good resistance, but a breakout above the 1.5722 level could accelerate the bullish momentum.
Member Since Oct 02, 2014
905 posts
Aug 29, 2015 at 15:30
alexforex007 posted:
Well, the GBPUSD stays below the 1.5700 level, seems like a good resistance, but a breakout above the 1.5722 level could accelerate the bullish momentum.
Agreed. Will be interesting to see developments.
Positivity
Member Since Oct 11, 2013
769 posts
Sep 01, 2015 at 06:28
Good ideas to put into practice, very good info.
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