Attention All Members!!

[Theocracy Pat]

Hello all members,

Please can anyone help me out with todays non farm payroll strategy?
Especially on GBP/USD?
IS it going to be uptrend or downtrend?

 

[3BlackCrows]

Looks like it's going to go up.

Cable has bounced off R2 level for the week however It looks like it might whipsaw a bit as MACD signal line tries to break through the MACD moving average.

My advice would be to trade the retracement

 

[Pipster61]

please explain

Looks like it's going to go up.

Cable has bounced off R2 level for the week however It looks like it might whipsaw a bit as MACD signal line tries to break through the MACD moving average.

My advice would be to trade the retracement

Hello All
Please forgive my ignorance, but could you explain what " cable bounced off
r2 level" I assume r2 being a pivot point. Whats the cable?
thanks

 

[Yielar]

Cable is a slang term used for GDP British Pound..

 

[Pipster61]

Cable/GBP

thanks Yielar!