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This thread was started in response to the Analytic:
GBP Trade Index 18-Year Chart
Daily GBP (British Pound) chart of 18 years of cyclical developments in finance & politics
nzvik., your charts supports what i said abt 1.47 EURUSD today and yesterdays IMT
Ashraf
regards
But the dollar is performing off recent lows.
And as i predicted, the best gains have been against the canadian, swiss and yen so far and not sterling for now.
i think the US data out today may be dollar bullish in the intermediate term as i think fed may tighten earlier than expected which may cause the dollar's appeal as a carry currency to reverse, cover dollar shorts which can cause a huge dollar rally into 2010.
The dollar rally remains intact. Today is just a knee jerk reaction. Tomorrow should be different
can eurousd able to give a close above 1.50 in daily basis?as far my technical view is concern, this journey should complete around 1.4920-50 range. And is gbpusd vulnurable for a deep correction again from 1.6650 range?
regards,
rajib.
bias remains bullish - however break above 1.6730 will confirm.
aussie and euro could reclaim .93 and 1.5 in the next day or two
Thanks
Best Regards
What is cable's next trick ?
Personally I am looking for fibonacci retracement of last move to go long.
The Pound ??
Thanks