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by Ashraf Laidi
Posted: Oct 21, 2010 14:20
Comments: 46
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This thread was started in response to the Hot-Chart:

Sterling Inflection Point?

 
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redstone
bristol, UK
Posted Anonymously
14 years ago
Oct 22, 2010 16:44
think 153 will be turning point. feds will launch 2nd part qe2 in dec. sterling should then rebound to 168. then boe launches its qe2 in late jan. gbp then falls back to 158.
siraj82aec
Toronto, Canada
Posts: 3
14 years ago
Oct 22, 2010 14:18
Wonderful analysis. Great job done by Ashraf, remarkable prediction....

Thank you.
PiotrZG
Warsaw, Poland
Posts: 1
14 years ago
Oct 22, 2010 11:31
Great job Ashraf. Thank you!
iqbalmashwani
Markham, Canada
Posts: 1
14 years ago
Oct 22, 2010 11:18
Great analysis and impressive performance. Now I am looking forward for 1.53. Lets see how soon it happens.
futureman
saida, Lebanon
Posts: 1
14 years ago
Oct 22, 2010 10:08
hi ashraf
you are a wonerfull man
Ashraf Laidi
UK
Posted Anonymously
14 years ago
Oct 22, 2010 1:09
golden, those who are good questions for someone who's "new to FX". shorting GBPJPY instead of GBPUSD is also valid. i actually mentioned 126.80 target in GBPJPY in earlier Thursday. The other agrument in favour of selling GBP vs JPY is that Japnese are unlikely to intervene just before the G20 this weekend

Ashraf
its_golden
Maryland , United States
Posted Anonymously
14 years ago
Oct 21, 2010 21:00
Hi Ashraf, great analysis.

I'm wondering if it is safer to sell it against the JPY because the QE2 may not yet be priced in? Anyway, in case we get more of "risk off" (which is possible, considering how overextended we are in equities) JPY would rally on par with the USD, right? The only wild card is possible intervention by BoJ.

I'm new to FX, so please let me know what you think.

-Andrius
fxkid
kuala lumpur, Malaysia
Posts: 1
14 years ago
Oct 21, 2010 20:05
Hi wat will the coming weeks be like for GU pullback for shorts again?
Of course if it breaks the 5650 level then it would signal more south
bound as u said that's the significant level. Any advice for those who want
to build a long term position to ride it all the way down? Tks.
letuak
Nigeria
Posts: 3
14 years ago
Oct 21, 2010 19:21
sorry,i mean GU.
letuak
Nigeria
Posts: 3
14 years ago
Oct 21, 2010 19:18
Laidi, you said it came to pass EU1.5690 was hit nicely,thanks.
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