Re daily chart GBP/USD The 1.2222 support is now acting as resistance. A closing break below 1.2157 would see the price dropping to 1.2012. We have a range low of 1.1814. The GBP continues to trade below its average. As yet there is no evidence of ...

Cable Update (GBPUSD)

Continuing from post 447-100, there is only the one remaining signal on the daily chart and that is to take price down to the bottom of the range.

Cable Update (GBPUSD)

Isn't that strange BB your 161 fib retrace is the same as the Daily equilibrium swing shown in my Fridays post 447 111. I don't even have a fib tool...weird or what?

Cable Update (GBPUSD)

Interesting that you should mention this level BB because I have the daily range low at 1.1814

Cable Update (GBPUSD)

Yes

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Looking at my 30 min chart I don't see any return to the long side just yet.

Cable Update (GBPUSD)

For the long term I am no longer considering the 1.22 level because the daily bounced off the 1.2415 so now the equilibrium swing sends it down to the 1.2056 level.

Cable Update (GBPUSD)

From here on in I would wait for the NFP to calm down

Cable Update (GBPUSD)

Because it closed below its range on the 30 min it should go the equilibrium swing to 2355... This is also the 50% retracement

Cable Update (GBPUSD)

Battle going on here in the 30 also with a target of just 2370

Cable Update (GBPUSD)

I always like to transfer the levels to the 1 min chart because there is more detail there.

Cable Update (GBPUSD)

Yes you had it correct Davo and yes (a) could have been both a Div and an LPC... well done that man.

Cable Update (GBPUSD)

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Cable Update (GBPUSD)

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Looks like the bulls are trying now...we'll see

Cable Update (GBPUSD)

There you go you have just hit upon the secret of trading... you have to drink a bottle of vodka to stay in step with the staggers...Hic! Still waiting for a breakout...

Cable Update (GBPUSD)

Except I didn't post after the event but prior to it...check post 446 925

Cable Update (GBPUSD)