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

GBP

Discuss GBP
 
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Ashraf Laidi
London, UK
Posts: 0
13 years ago
Jan 25, 2011 12:29
Those who attended my Sunday Workshop in London, were told of ,y disagreement with the escalating bullishness in GBPUSD as I did not agree with talk of BoE rate hike. I mentioned that the trendline resistance from Sep 2009 high at 1.6180-00 would NOT be broken, which rendered cable a bearish proposion near $1.60-61.

What about my bullish GBP call vs EUR and CHF?

These are relative calls, based on combination of weakness in CHF and EUR and strength in GBP against those 2 currencies). GBPCHF has turned sour and the final support seen standing at 1.4745 trendline.

As for EURGBP, i continue to remain BEARISH as long as we do NOT take out the 0.88 high, which is a conservative approach to the Nov high (0.89).


Ashraf
Ashraf Laidi
London, UK
Posts: 0
13 years ago
Jan 25, 2011 11:59
GBP DAMAGED AFTER SHOCK GDP CONTRACTION of 0.5% in Q4 vs forecasts of +0.5%. 10 yr UK gilt yields dropped 13 bps and UK-US 10- yer differential drops by 8 bps to +0.20, lowest since Jan 7th. LOOKING BACK AT MAJOR CABLE DAILY DECLINES, these have averaged around 250 to 280 pips (from day high to low) .

The LAST TIME CABLE fell by more than 300 was on May 13. THE TIME BEFORE THAT was on May 6 (Election Day & FLASH CRASH DAY). Ive already mentioned yesterday that the last time the Dow had 8 consec weekly gains was right before the week of the Flash crash. So you can make your own conclusions. Rarely has GBPUSD fallen by more than 250 pips in one day without following up w/ further losses in subsequent days. With Mervyn King speaking later today at 19:40 GMT, he could cause further losses in GBP as he reiterates his case against interest rates hikes, which many have begun calling for following the 3.7% CPI seen 2 weeks ago.

BOTTOM LINE: GBPUSD seen extending losses towards the 1.5720 (55-day MA), with next key target standing at $1.5660 (100-WEEK MA). Subsequent target is the major trendline support at $1.5570.80.

i will be on ARABIYA TV today at 12:40 GMT; 16:40 Dubai Time.


Ashraf
fxkid
as, Syria
Posted Anonymously
13 years ago
Jan 25, 2011 11:44
Where is that catnip , he was supporting him at that time and shouting me . no hard feelings here .. last week i clearly mentioned about ashraf's call regarding EURGBP and GBPCHF see what exactly happened .8450 taken out and now it is sitting on sky what happened about gbpchf it is sitting now on hell @ 1.4950 , yesterday ashraf tweeted long cable and short audusd means long gbpaud what happened now ..?? do u think that he will accept his mistakes any time ..have u guys ever experienced this ?? now see the last tweet from him he shared his long term bearish trend in gbp in his last week seminar .. so what exactly he is trying to show here .. Fooling us ??
djellal
LAUSANNE, Switzerland
Posts: 531
13 years ago
Jan 24, 2011 18:03
Buy gbpaud there for 200pips tonight
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Jan 24, 2011 12:43
Yes right ! and there was a big increase with online buying this christmas period due to the weather conditions.
Dodger
London, UK
Posts: 139
13 years ago
Jan 24, 2011 12:28
December weather in UK was S****!Actually about average for south korea,sweden or canada but the british were"nt really prepared as is"nt often they have really consistent heavy snow.All figures for December will be pretty skewed by this and will come in below normal but are lightly to bounce back for the beginning of this year.........unless there are further heavy snow falls closing down roads airports and keeping people out of the shops.Those in UK unfortunately already know this (LOL),but those internationally may not realise the actual cause of some of the negative statistics coming out of uk for year end.
Jesse
Seoul, Korea Sout
Posts: 2
13 years ago
Jan 24, 2011 6:33
Thanks Ashraf, Dodger - your answers made it clear for me now...
Hope this 2-3yr term perspective will reward me big time...
I can't help being concerned about the GDP release this week though......expecting some volatility?
said
mulhouse, France
Posts: 2822
13 years ago
Jan 22, 2011 20:21
eh lawrence let me tell you a fact
there used to be a guy in geneve route cornavin that used to tell me
hey mister its me " no name ashrafclique" i want to make u earn money
suddenly no more smes no more phone call from geneva; all i can say i wish good luck and to find something in SD in japan the best training school
Gunjack
London, UK
Posts: 1184
13 years ago
Jan 22, 2011 14:20
@Said dark city is a good film
said
mulhouse, France
Posts: 2822
13 years ago
Jan 22, 2011 14:10
he dodgers
where did u hear about atofagsta close to the embassy district in london

entertain ur sources.
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