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by Ashraf Laidi
Posted: Nov 18, 2008 3:15
Comments: 1310
View Analytic
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
 
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EL Shaer
Giza, Egypt
Posts: 59
15 years ago
Sep 21, 2009 12:10
Kleooo
I dont think so
kleooo
BG, Norway
Posts: 17
15 years ago
Sep 21, 2009 10:20
Hi spec

Do u see below 1,60 by tom?
speculator
Posted Anonymously
15 years ago
Sep 19, 2009 19:04
we have tested 1.60 before and next week may be the test below 1.60 and a new downtrend. but broad sterling weakness is not sufficient. the dollar index reversal may help break this key pyschological level.
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Sep 18, 2009 17:28
The story with GBPUSD remains the same; markets want it to go down ever since that close below the 50-day MA but as with everything, you must be careful with your stop placement. I warned you time and again of the FAKE BREAK OUTS AROUND 1.66 but we should see a retest of 1.62 and eventually 1.6040. TWO major bad news items (king & Lloyds) in one week is too much for GBP.

Ashraf
rajesh68
Singapore
Posts: 60
15 years ago
Sep 18, 2009 15:52
wd request the views of forum members also on GBPUSD for next week.

Thanks
Rajesh
rajesh68
Singapore
Posts: 60
15 years ago
Sep 18, 2009 15:06
Hi Ashraf,

Both the targets in GBPUSD has been achieved. Do you see the same trend continuing in next week?

Rgds

Rajesh
Steven Blyth
London, UK
Posts: 148
15 years ago
Sep 18, 2009 9:57
Thanks Raj. I shall endeavor to be patient :)
14raj
Kolkata, India
Posts: 210
15 years ago
Sep 17, 2009 21:30
Steven...
for EURGBP the trgt will b around 9025.after some valid candlestick patterns you can go for short(personal view only)
regards,
rajib.
Steven Blyth
London, UK
Posts: 148
15 years ago
Sep 17, 2009 20:38
EURGBP long looks a little over bought. Anyone else following this pair? Pull back to at least 8850 levels warrants a buy. Thoughts anyone?

Steven
speculator
Posted Anonymously
15 years ago
Sep 17, 2009 19:14
JPM are highly bearish for pound vs Euro and Dollar going into q4/q1. Incidently they agree with my belief that the pound will be used as a Carry currency and quite possibly is already been for some weeks. Their prediction is 1.50s year-end and 1.40s q1. But, I am very skeptical on such time-related forecasts. But it helps produce speculative attacks. Therefore, the carry trade is resulting in a breakdown in correlation of sterling with equity markets. I can probably say that because the stock markets are smaller than money markets which means carry trade activity may have a bigger influence on currencies.

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