Comments on: Cable closing in on important resistance level above 1.6300 https://fxww.com/cable-closing-in-on-important-resistance-level-above-1-6300/ The Professional Source Wed, 02 Jan 2013 09:00:16 +0000 hourly 1 By: danny https://fxww.com/cable-closing-in-on-important-resistance-level-above-1-6300/#comment-13626 Wed, 02 Jan 2013 09:00:16 +0000 http://fxww.dreamhosters.com/?p=4073#comment-13626 GBP looks like it has stalled a little. good time to continue for long. This might even be a pricing in for a potential down grade in coming weeks.just my thought.

]]> By: Sean Lee https://fxww.com/cable-closing-in-on-important-resistance-level-above-1-6300/#comment-13619 Wed, 02 Jan 2013 03:20:59 +0000 http://fxww.dreamhosters.com/?p=4073#comment-13619 I’d wait a bit longer Lam-Son, now that cable has broken up we could see more impulsive GBP buying. I’m now sure yet on levels, best to wait and monitor for next few days imho

]]> By: Lam-Son https://fxww.com/cable-closing-in-on-important-resistance-level-above-1-6300/#comment-13617 Wed, 02 Jan 2013 03:16:27 +0000 http://fxww.dreamhosters.com/?p=4073#comment-13617 In reply to Lam-Son.

I meant buying the cross.

]]> By: Lam-Son https://fxww.com/cable-closing-in-on-important-resistance-level-above-1-6300/#comment-13616 Wed, 02 Jan 2013 03:07:25 +0000 http://fxww.dreamhosters.com/?p=4073#comment-13616 Hi Sean, do you think we now have a good entry point of EUR/GBP? Regards!

]]> By: Sean Lee https://fxww.com/cable-closing-in-on-important-resistance-level-above-1-6300/#comment-13614 Wed, 02 Jan 2013 02:59:56 +0000 http://fxww.dreamhosters.com/?p=4073#comment-13614 Very nice Zach, worked like a charm

]]> By: Zach Nester https://fxww.com/cable-closing-in-on-important-resistance-level-above-1-6300/#comment-13612 Wed, 02 Jan 2013 02:41:42 +0000 http://fxww.dreamhosters.com/?p=4073#comment-13612 Thanks Sean, all the best to you also. The aforementioned MA is ~ 1.6286. On the way up, the price was stalled there momentarily, broke higher, then came back down to right around the same area and shot higher. It could be a number of things, but I figured I’d mention it. August ’08 is the last time it was above the MA.

]]> By: Sean Lee https://fxww.com/cable-closing-in-on-important-resistance-level-above-1-6300/#comment-13610 Wed, 02 Jan 2013 02:19:03 +0000 http://fxww.dreamhosters.com/?p=4073#comment-13610 Thanks Zach, not something I’ve ever watched but if the mkt is watching then we should too. All best for 2013

]]> By: Zach Nester https://fxww.com/cable-closing-in-on-important-resistance-level-above-1-6300/#comment-13609 Wed, 02 Jan 2013 02:07:39 +0000 http://fxww.dreamhosters.com/?p=4073#comment-13609 It seems to have more import for daily charts, 260 being the approximate number of trading days in 1 year, but on the weekly it also represents 5 years (52 weeks x 5=260)

]]> By: Zach Nester https://fxww.com/cable-closing-in-on-important-resistance-level-above-1-6300/#comment-13608 Wed, 02 Jan 2013 02:04:54 +0000 http://fxww.dreamhosters.com/?p=4073#comment-13608 Hey Sean, cable just busted above the 260-week SMA. Not the biggest deal, but it seems a number of TA’s like to watch that MA, and it hasn’t been above it in a lonnngggg time lol. Cheers!

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