GBP

@callum..
in my opinion gbpJPY is still intact to continue in the upside move..as JPY appears to be, after 1day break, the weakest cuurency overall, usdJPY breaking 93level, eurJPY>>that inverse H&S (maybe) under construction..JPY is not in favor right now, we have to admit that,,..
142,70-143 are levels im would be thinking about to sell it..MAYBE...

@redstone I entered a SMALL positions on $cable earlier in the day.

Anyone touching GBP/JPY?

Sterling on the up. Is somebody lining this up for a huge short ?

Hi Guys,

I've been away (from the country and trading) for about 3 weeks (from 7/8 March). Regrettably I had to leave some positions on although I would have preferred not to. I'm pleased to see most of my short gold and EUR/USD positions came good.

Was a little surprised to be stopped out of GBP/USD on 17th March around 1.53-somthing, which looks like it was near the high of that period.

Can anyone quickly sum up what was going on then and why the pound strengthened?

Overall, I am just about "up" on the trades I left although I will try never to leave trades open unwatched for such a length of time again.

I wasn't watching while I was away, but without trying too hard I could see gold was going in "my" direction, and naively hoped that GBP/USD was more or less doing the same. Just goes to show that assumptions are fatal in this business as in others.


Thoughts about gold from here on in?

gbp/usd rebound 61.8% retracement(1.4865) any good idea how high can it go( to get short chance )?