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navk replied Jul 2, 2014I see weakness in my charts, the 4 hr & hourly. Trend has changed in 15 minutes.
Cable Update (GBPUSD)
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navk replied Jul 2, 2014200 & 100 EMA's offer good clues especially in hourly and daily.
Cable Update (GBPUSD)
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navk replied Jul 2, 2014The bounce will be limited to 7151 this time. See the attached chart. The important thing, the previous bounce had been 200 EMA bounce. This time it passed thro 200 EMA.
Cable Update (GBPUSD)
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navk replied Jul 2, 2014See the hourly chart. The 38 % FEB, support zone, 100 hr EMA, all coincides at 1.7100. Important area. If it wants to maintain bullish, sure we can expect a bounce at 1.7100, It is round number too.
Cable Update (GBPUSD)
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navk replied Jul 2, 2014It needs to clear 7032 area ( support zone ) see the attached chart. Then all the way to 1.7100 support zone.
Cable Update (GBPUSD)
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navk replied Jul 2, 20147138 is today's daily pivot. If it closes below, tomorrow's open ( asia open ) will be below that. That makes things little more easier for more correction.
Cable Update (GBPUSD)
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navk replied Jul 2, 2014For me, it is the open price in Asia. The hourly should close below that.
Cable Update (GBPUSD)
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navk replied Jul 2, 2014If the hourly closes below 7148 ( today open ) good thing, for correction from over bought.
Cable Update (GBPUSD)
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navk replied Jul 2, 2014It is very very good number from US. Beware GBP BULLS !
Cable Update (GBPUSD)
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navk replied Jul 2, 2014The R ; R will not be good in this vertical growth for Biggies. They need a catalyst to put it down for a better entry.
Cable Update (GBPUSD)
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navk replied Jul 2, 2014One good number from US and One bad number from UK could change things. It is a cycle and is being manipulated over and over again.
Cable Update (GBPUSD)
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navk replied Jul 2, 2014Tighter range in Asia /Europe session means likely change in direction in NY. The range in asia/europe is just 36 pips.
Cable Update (GBPUSD)