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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 3054
Forum Topic:

GBP

Discuss GBP
 
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amg
Oklahoma, United States
Posts: 38
14 years ago
Feb 25, 2010 13:01
$GBPUSD soon starts doing 1.5170 + 135.50 in $GBPJPY. watch out for retracement at NY open #forex $$

That was Ashraf's last tweet about cable.
Karan
Singapore, Singapore
Posts: 83
14 years ago
Feb 25, 2010 12:07
i agree with montmorency for gbp/usd. Any views for Gbp/Jpy?
montmorency
Abingdon, UK
Posts: 610
14 years ago
Feb 25, 2010 12:01
Well ~100 pip loss since midnight (GMT) isn't bad, plus a dip down to 1.5270.
@Spec, have to hand it to you, 1.52 does not look ambitious now.
It will be interesting to see how high it bounces now.
newbie
Posted Anonymously
14 years ago
Feb 25, 2010 11:51
Ashraf,

Hope you are well.... How far will the retracement be for the gbp/jpy. I wish to enter. Could you suggest a level.

Thanks
Xaron
Munich, Germany
Posts: 528
14 years ago
Feb 25, 2010 10:30
I think it's not that strange because all that bad stuff has now been priced in into the EUR and GBP. I'd be careful to short the pound right here.
Callum
Singapore, Singapore
Posts: 179
14 years ago
Feb 25, 2010 10:25
@jj I am on short with gbpusd in anticipation of King speak and the tier 2 economic data at 0430 ET - Business Investment (QoQ) which also came in -5.80% vs fcst of 0.20%. Strangely, soon after breaking below 153, it bounced back into the 153. I am also looking to see how much does it retrace upwards at NY open as per Ashraf's IMT

Callum
nzvik
Auckland, New Zealand
Posts: 225
14 years ago
Feb 25, 2010 9:18
we are in the 1.52s now
speculator
Posted Anonymously
14 years ago
Feb 25, 2010 7:40
king has already hinted quite negatively about sterlings prospects this week so i doubt we will go below 1.53 today. i would remain sidelined until speech is almost finished.
nzvik
Auckland, New Zealand
Posts: 225
14 years ago
Feb 25, 2010 7:29
spec - we maybe in 1.52s in the next 24 hrs - I will buy at 1.5260
jjstone
Toronto, Canada
Posts: 45
14 years ago
Feb 25, 2010 7:27
Is anyone going to short GBP pre (4:30 BOE Gov King Speaks).
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