Looks like the news disappointed the market but maybe over reaction, certainly screwed the bulls for now.

Cable Update (GBPUSD)

Never was good at art I'd be wary below 3585 now

Cable Update (GBPUSD)

3585 achieved Upside target for bulls 3599 which is older resistance Longer bull targ 3616 / 3700 But we still have news at 12

Cable Update (GBPUSD)

1.3572 older resistance, if cleared 1.3585 for possible trend change imo

Cable Update (GBPUSD)

or a cup and handle

Cable Update (GBPUSD)

Bit of a damp squib so far more news at 12 I think. Volume is a bit negitive atm Average pivot over the last three days 1.3544

Cable Update (GBPUSD)

Fireworks at 9:30 ?

Cable Update (GBPUSD)

Big gbp news today, 1.3585 should test again we could get a good long above imo, downside prob test daily pivot yet again

Cable Update (GBPUSD)

At the moment this market is testing 3585 if this holds it will give a target of 1.3690 area imo Anyone tried market timing? I'm really interested in this if anyone has any ideas. My shot at timing this pair says we turn or stall Friday 18th May + - ...

Cable Update (GBPUSD)

History repeats

Cable Update (GBPUSD)

Back at 1.3528 resistance for now, we have a fair amount of volume around this price it could be quite bullish if it trades over however, another test of the daily pivot wouldn't surprise, the longer term volume paints a bearish picture atm. The ...

Cable Update (GBPUSD)

Yesterday the bulls were buying at the pivot, the market fell below today so they bought more from the scared bears or they brought the market back up to off load yesterdays buying without loss. 1.3544 is key now Hope we get a happy ending to my ...

Cable Update (GBPUSD)

Some smaller frame volume now supporting around 1.3504, 1.3544 could confirm trend break

Cable Update (GBPUSD)

1.3500/3528 range at the moment which way to break ?

Cable Update (GBPUSD)

For what it's worth my next support line is at 1.3528 positive volume is at 1.3544 which was yesterdays pivot I think. Early days with this system it's not the usual so take it with a pinch of salt

Cable Update (GBPUSD)

1.3572 is where I calculate support and resistance to be, at the moment it has turned into resistance. I measure tick volume on all time frames it was positive at that time but has gone negitive now.

Cable Update (GBPUSD)

I have 1.3572 as s/r atm, volume pos for now

Cable Update (GBPUSD)

No trading for me today 3599 looks like the key price, daily / weekly threaten sizable downside but you never know. Good semmetry chart for the brave bulls

Cable Update (GBPUSD)

What's that?

Cable Update (GBPUSD)

Bullish phase, I think if we stay above 3644 we will get more upside, volume has been pushing up with price which could indicate some selling.

Cable Update (GBPUSD)