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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
Where's Goldman when you need them? What did you say? They sold their sterling upon release of the bullish sterling report yesterday?
Did you like how as soon as Goldman issued their report on gbp, it stalled and had a violent 100 pip reversal? These guys are great,. aren't they? Last month they put a buy out on euro and within 24 hours it lost 150 pips.
Hoping for The Cable Cartel to pump up sterling one more time to the 1.640s. Yesterday I put a stop-sell on just below 1.64 (something I don't normally do), and booked a nice profit earlier today.
I am hoping for a euro rally also, so I can reshort it.
it will clear 1.63 but i dont think it will find any support at this level.
SIMAO
since the top at 1.644 i am expecting a 3 waves pattern so if u still held ur position of last time gbpusd will find its support at 1.6242 and probably 1.4200 if the last fifth waves is an extended one.
("Disclosure": my judgement may be biased, as I _want_ it to go this way :-) ).
I GAVE IT THIS AFTERNOON BUT I CALLED IT TO EARLY