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This thread was started in response to the Analytic:
GBP Trade Index 18-Year Chart
Daily GBP (British Pound) chart of 18 years of cyclical developments in finance & politics
Yesteday you all Agreed that GBP\USD will fall today to 1.6040 then 1.57
.And therefore I SOLD it Yesterday
at 1.6212. and it now Rise to 1.6320 & anathar point is 1.6380
Thank you everybody
EL Shaer
Ashraf
Steven
But we buy the strongest currency against one of the weakest. I know liquidity and spread is a problem, but we collect a positive carry.
I have been playing to the down side with a target of around 92 year end. Be careful as it has a habit of suddenly spiking higher so you need a lot of margin! Im currently out and waiting for a correction.
What do you think of buying Nok, selling Gbp? The fundamentals very much in favor of Nok...