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GBP Trade Index 18-Year Chart
Daily GBP (British Pound) chart of 18 years of cyclical developments in finance & politics
I am very new to FX trading, I have been watching a decline in GBP vs USD & JPY. Is the statement from Finance min that fall in value of GBP is helping, is that the biggest reason for fall in GBP or what r d other major factors? What r the major indicators for GBP & USD in forecasting their trends?
Thanks
Ashraf
Is the fall of sterling Ending ? Or still downward direction? And to any point?
Eng. Khaled
Ashraf
Hy Ashraf ,
Very , very good view above gbp/usd and gbp/jpy , i really apreciate .That help my a loooot.
Lake i said , i was short on both.Today i close my gbp/jpy in 147.65 and switch it in a long position with target aprox. 148.50-149 and then another switch in a short position.And please don"t understand me wrong i don"t want entry/exit points , but what you say , gbp/jpy could make the same pattern lake last week ( with that mini rebound in 151.2 ) and after than goes down ?
Thanks a lot Ashraf
Ashraf
i would agree with you about AUD and NZD being good to sell vs GBP on basis of unwinding of carry trade BUT on second thought the extend of bearishness in GBP is high and justified that im not doing it.
ESSAM, each time you ask me about GBP i tell you the same thing. DOWN. 2 days ago you criticized the forum after GBPUSD went up 200 pips. We all know what happened afterwards. If you cannot survive this market with 200 pips against you then it is not for you. 143 GBPJPY pssible by early next week. resistance comes down to 149. WATCH YOUR STOPS.
Ashraf
Do u see 150 in the near future?