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Cable - where's it going next?

arigoldman (arigoldman)
Aug 03 2015 at 16:30
907 posts
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.

victoriajensen
Aug 08 2015 at 09:14
1117 posts
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.

arigoldman (arigoldman)
Aug 09 2015 at 16:34
907 posts
A change in trend might be expected soon.

alexforex007
Aug 10 2015 at 03:42
774 posts
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.

csc2009
Aug 16 2015 at 23:00
834 posts
Gbp/Usd is testing 1.5670 and the area between 1.5670 and 1.5700 continue to be very strong resistance zone.

alexforex007
Aug 18 2015 at 06:28
774 posts
Big day on Tuesday for Cable, important news announcements.

alexforex007
Aug 24 2015 at 06:48
774 posts
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.

arigoldman (arigoldman)
Aug 29 2015 at 15:30
907 posts
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.

alexforex007
Sep 01 2015 at 06:28
774 posts
Good ideas to put into practice, very good info.

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