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Don't Forget the Yen
Much ado about USD rebounds during falling markets, but JPY strength still outperforms USD.
91.27 reached ; thta was 38 percent retracement
if any body expect 95 well it wont happened before the second quarter.
Adam
It is amazing though to watch the market temporarily levitate cable (the Pounder) as if it is THE BASTION OF SAFETY IN FX.
You didn't know that cable has just cured cancer, solved the world economic crisis and even discovered a vaccination for swine?
as for sterling, as pipped off said, it was driven by EURGBP just like USDJPY was driven by EURJPY earlier. I am NOT expecting GBPUSD to regain 1.64.
**** we said right after US retail sales yesterdat USDX would firm up & EURUSD new territory will be 1.4420-1.4450; rectangular consolidation. ****
It's also mentioned in the IMT
I still need the vote from those who have not yet had a chance !
And many thanks to those who have
http://shortyawards.com/alaidi
Ashraf
Intersting
http://www.bloomberg.com/apps/news?pid=20601068&sid=afFXGlipblkg
What do you say about ?
Here in the early Asia session, eur/gbp has already been knocked down 10 pips, and cable is up about 15 pips because of it, placing it in "breakout zaone. Sometimes in Asia, because of thin markets, things like this pop up, but are fairly instantaneous and reverse back to equilibrium shortly. However, so far today, xable is levitating at 1.6340.
I have no doubts cable will be popping to the upside at some point in asia or europe sessions, as eur/gbp will be continuously hit.
IF 90.82 BROKEN THEN IT WOULD GO TO 90. I DOUBT IT. IAM WAITING FOR A HOOK
SO MY OTHER PROJECTION WITH FIBO AND EW ARE
91.17 FOLLOWED BY A BOUNCE BACK THEN
91.26
91.39