#12510

New Post has been published on http://u.to/S91ZDw

Trade Idea : GBP/USD - Sell at 1.2510

GBP/USD – 1.2444

Most recent candlesticks pattern   : N/A

Trend                                 : Near term up

Tenkan-Sen level                 : 1.2423

Kijun-Sen level                    : 1.2420

Ichimoku cloud top              : 1.2451

Ichimoku cloud bottom        : 1.2451

Original strategy :

Sell at 1.2510, Target: 1.2380, Stop: 1.2545

Position : –

Target :  –

Stop : –

New strategy  :

Sell at 1.2510, Target: 1.2380, Stop: 1.2545

Position : –

Target :  –

Stop : –

Cable’s rebound after holding above indicated support at 1.2353 on cross-trading in sterling suggests near term upside risk remains for another bounce towards 1.2500-10, however, still reckon upside would be limited and bring another retreat later, below 1.2375-80 would bring test of said support at 1.2353, break there would add credence to our view that top has been formed at 1.2557, bring further fall to 1.2330-35 (50% Fibonacci retracement of 1.2114-1.2557) and then 1.2300 but reckon 1.2279-81 support would hold.

In view of this, we are looking to sell cable on subsequent recovery. Only a break of said resistance at 1.2548-57 would abort and signal recent erratic rise has resumed and extend gain to 1.2590-00 and then towards 1.2640-50 which is likely to hold from here.

New Post has been published on http://u.to/S91ZDw

Trade Idea : GBP/USD - Sell at 1.2510

GBP/USD – 1.2444

Most recent candlesticks pattern   : N/A

Trend                                 : Near term up

Tenkan-Sen level                 : 1.2423

Kijun-Sen level                    : 1.2420

Ichimoku cloud top              : 1.2451

Ichimoku cloud bottom        : 1.2451

Original strategy :

Sell at 1.2510, Target: 1.2380, Stop: 1.2545

Position : –

Target :  –

Stop : –

New strategy  :

Sell at 1.2510, Target: 1.2380, Stop: 1.2545

Position : –

Target :  –

Stop : –

Cable’s rebound after holding above indicated support at 1.2353 on cross-trading in sterling suggests near term upside risk remains for another bounce towards 1.2500-10, however, still reckon upside would be limited and bring another retreat later, below 1.2375-80 would bring test of said support at 1.2353, break there would add credence to our view that top has been formed at 1.2557, bring further fall to 1.2330-35 (50% Fibonacci retracement of 1.2114-1.2557) and then 1.2300 but reckon 1.2279-81 support would hold.

In view of this, we are looking to sell cable on subsequent recovery. Only a break of said resistance at 1.2548-57 would abort and signal recent erratic rise has resumed and extend gain to 1.2590-00 and then towards 1.2640-50 which is likely to hold from here.

New Post has been published on http://u.to/S91ZDw

Trade Idea : GBP/USD - Sell at 1.2510

GBP/USD – 1.2444

Most recent candlesticks pattern   : N/A

Trend                                 : Near term up

Tenkan-Sen level                 : 1.2423

Kijun-Sen level                    : 1.2420

Ichimoku cloud top              : 1.2451

Ichimoku cloud bottom        : 1.2451

Original strategy :

Sell at 1.2510, Target: 1.2380, Stop: 1.2545

Position : –

Target :  –

Stop : –

New strategy  :

Sell at 1.2510, Target: 1.2380, Stop: 1.2545

Position : –

Target :  –

Stop : –

Cable’s rebound after holding above indicated support at 1.2353 on cross-trading in sterling suggests near term upside risk remains for another bounce towards 1.2500-10, however, still reckon upside would be limited and bring another retreat later, below 1.2375-80 would bring test of said support at 1.2353, break there would add credence to our view that top has been formed at 1.2557, bring further fall to 1.2330-35 (50% Fibonacci retracement of 1.2114-1.2557) and then 1.2300 but reckon 1.2279-81 support would hold.

In view of this, we are looking to sell cable on subsequent recovery. Only a break of said resistance at 1.2548-57 would abort and signal recent erratic rise has resumed and extend gain to 1.2590-00 and then towards 1.2640-50 which is likely to hold from here.

New Post has been published on http://u.to/S91ZDw

Trade Idea : GBP/USD - Sell at 1.2510

GBP/USD – 1.2444

Most recent candlesticks pattern   : N/A

Trend                                 : Near term up

Tenkan-Sen level                 : 1.2423

Kijun-Sen level                    : 1.2420

Ichimoku cloud top              : 1.2451

Ichimoku cloud bottom        : 1.2451

Original strategy :

Sell at 1.2510, Target: 1.2380, Stop: 1.2545

Position : –

Target :  –

Stop : –

New strategy  :

Sell at 1.2510, Target: 1.2380, Stop: 1.2545

Position : –

Target :  –

Stop : –

Cable’s rebound after holding above indicated support at 1.2353 on cross-trading in sterling suggests near term upside risk remains for another bounce towards 1.2500-10, however, still reckon upside would be limited and bring another retreat later, below 1.2375-80 would bring test of said support at 1.2353, break there would add credence to our view that top has been formed at 1.2557, bring further fall to 1.2330-35 (50% Fibonacci retracement of 1.2114-1.2557) and then 1.2300 but reckon 1.2279-81 support would hold.

In view of this, we are looking to sell cable on subsequent recovery. Only a break of said resistance at 1.2548-57 would abort and signal recent erratic rise has resumed and extend gain to 1.2590-00 and then towards 1.2640-50 which is likely to hold from here.

New Post has been published on http://u.to/S91ZDw

Trade Idea : GBP/USD - Sell at 1.2510

GBP/USD – 1.2444

Most recent candlesticks pattern   : N/A

Trend                                 : Near term up

Tenkan-Sen level                 : 1.2423

Kijun-Sen level                    : 1.2420

Ichimoku cloud top              : 1.2451

Ichimoku cloud bottom        : 1.2451

Original strategy :

Sell at 1.2510, Target: 1.2380, Stop: 1.2545

Position : –

Target :  –

Stop : –

New strategy  :

Sell at 1.2510, Target: 1.2380, Stop: 1.2545

Position : –

Target :  –

Stop : –

Cable’s rebound after holding above indicated support at 1.2353 on cross-trading in sterling suggests near term upside risk remains for another bounce towards 1.2500-10, however, still reckon upside would be limited and bring another retreat later, below 1.2375-80 would bring test of said support at 1.2353, break there would add credence to our view that top has been formed at 1.2557, bring further fall to 1.2330-35 (50% Fibonacci retracement of 1.2114-1.2557) and then 1.2300 but reckon 1.2279-81 support would hold.

In view of this, we are looking to sell cable on subsequent recovery. Only a break of said resistance at 1.2548-57 would abort and signal recent erratic rise has resumed and extend gain to 1.2590-00 and then towards 1.2640-50 which is likely to hold from here.

New Post has been published on http://u.to/S91ZDw

Trade Idea : GBP/USD - Sell at 1.2510

GBP/USD – 1.2444

Most recent candlesticks pattern   : N/A

Trend                                 : Near term up

Tenkan-Sen level                 : 1.2423

Kijun-Sen level                    : 1.2420

Ichimoku cloud top              : 1.2451

Ichimoku cloud bottom        : 1.2451

Original strategy :

Sell at 1.2510, Target: 1.2380, Stop: 1.2545

Position : –

Target :  –

Stop : –

New strategy  :

Sell at 1.2510, Target: 1.2380, Stop: 1.2545

Position : –

Target :  –

Stop : –

Cable’s rebound after holding above indicated support at 1.2353 on cross-trading in sterling suggests near term upside risk remains for another bounce towards 1.2500-10, however, still reckon upside would be limited and bring another retreat later, below 1.2375-80 would bring test of said support at 1.2353, break there would add credence to our view that top has been formed at 1.2557, bring further fall to 1.2330-35 (50% Fibonacci retracement of 1.2114-1.2557) and then 1.2300 but reckon 1.2279-81 support would hold.

In view of this, we are looking to sell cable on subsequent recovery. Only a break of said resistance at 1.2548-57 would abort and signal recent erratic rise has resumed and extend gain to 1.2590-00 and then towards 1.2640-50 which is likely to hold from here.

New Post has been published on http://u.to/gNlXDw

Trade Idea Wrap-up: GBP/USD - Sell at 1.2510

GBP/USD – 1.2440

Most recent candlesticks pattern   : N/A

Trend                                 : Near term up

Tenkan-Sen level                 : 1.2418

Kijun-Sen level                    : 1.2451

Ichimoku cloud top              : 1.2459

Ichimoku cloud bottom        : 1.2401

Original strategy :

Sell at 1.2450, Target: 1.2340, Stop: 1.2485

Position : –

Target :  –

Stop : –

New strategy  :

Sell at 1.2510, Target: 1.2380, Stop: 1.2545

Position : –

Target :  –

Stop : –

As cable has staged a strong rebound after holding above indicated support at 1.2353 in part due to cross-trading in sterling, suggesting near term upside risk remains for further gain to 1.2500-10, however, still reckon upside would be limited and bring another retreat later, below said support at 1.2353 would add credence to our view that top has been formed at 1.2557, bring further fall to 1.2330-35 (50% Fibonacci retracement of 1.2114-1.2557) and then 1.2300 but reckon 1.2279-81 support would hold.

In view of this, we are looking to sell cable on further recovery. Only a break of said resistance at 1.2548-57 would abort and signal recent erratic rise has resumed and extend gain to 1.2590-00 and then towards 1.2640-50 which is likely to hold from here.