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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 3054
Forum Topic:

GBP

Discuss GBP
 
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cat0nip
Frankfurt, Germany
Posts: 1632
11 years ago
Aug 7, 2013 18:48
just shy, yes, Tp 15506 GBP lost some of its initial strength and USD strength unchanged after going mad with Canada PMI.
DaveO
N.Cornwall, UK
Posts: 5733
11 years ago
Aug 7, 2013 18:12
GU kissed the 200 DMA and just shy of the Jan trend line
DaveO
N.Cornwall, UK
Posts: 5733
11 years ago
Aug 7, 2013 13:58
In reply to cat0nip's post
:-), :-)
cat0nip
Frankfurt, Germany
Posts: 1632
11 years ago
Aug 7, 2013 13:40
In reply to DaveO's post
I entered cable long 1535 on speculation on BOE. Nice.
I think sadly enough GBP is about to become EU's anchor currency.
The empire strikes back: continent goes left hand traffic. Positive side effect: Merkel commits suicide.
DaveO
N.Cornwall, UK
Posts: 5733
11 years ago
Aug 7, 2013 12:32
New BOE governor Carney's letter to Osborne. Lot's of flexibility as one might expect.
http://www.bankofengland.co.uk/monetarypolicy/documents/pdf/govletter130807.pdf

GU violated previous count during the prevailing volatility. Now working on ABCDE corrective possibly eyeballing c.1.5550, below 5204 LOD would alert completion. Massive short squeese effect today
DaveO
N.Cornwall, UK
Posts: 5733
11 years ago
Aug 2, 2013 20:32
GJ also looks similar position with 5 down on H.1 from the 154.03 high to LOY. Now reached 50% ret for probable A wave, B and C to follow to complete corrective ?
DaveO
N.Cornwall, UK
Posts: 5733
11 years ago
Aug 2, 2013 15:33
Looks like 5:1 truncated, W.2 in progress ? current 1.5264 after the NFP.
DaveO
N.Cornwall, UK
Posts: 5733
11 years ago
Aug 2, 2013 11:32
In reply to DaveO's post
If true a corrective back to c.5250 before W.3 down
DaveO
N.Cornwall, UK
Posts: 5733
11 years ago
Aug 2, 2013 11:20
In reply to subway90's post
eh subz, we on similar wavelength except I have the 5028 target level likely ending of W.1 down from the C high at 5433. I might be wrong.
subway90
Posts: 1078
11 years ago
Aug 2, 2013 8:29
In reply to subway90's post
5435 shorts didn't get filled.... holding 5373 shorts only

waiting for break of 5028... initial target @ 4500 then bounce back up to 5000 level b4 heading to 4000....
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