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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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montmorency
Abingdon, UK
Posts: 610
14 years ago
Jan 19, 2010 21:33
@Said: - Direction?
said
mulhouse, France
Posts: 2822
14 years ago
Jan 19, 2010 21:06
SHARP MOVE IN SIGHT FOR GBPUSD
14raj
Kolkata, India
Posts: 210
14 years ago
Jan 19, 2010 18:41
Ashraf,
I have squared off GBPUSD long near 1.6400.Can I go long in EurGbp at this present level near 0.8721?
Regards,
Rajib.
PippedOff
Canada
Posted Anonymously
14 years ago
Jan 19, 2010 18:17
Calum-it is my belief sterling won't fall in earnest until there is a stabilization in the drop of the eur/gbp pair. A few short-term positives seemed to hit for sterling all at once. Until eur/gbp stabilizez and even catches a bid, tserling will be supported in the market.

Overlay short-term charts of eur/gbp and gbp/usd and you will see what I means. Sterling took a dive during the North American sessions on Friday and Tuesday. Both declines were accompanied by a rise in eur/gbp.
Callum
Singapore, Singapore
Posts: 179
14 years ago
Jan 19, 2010 17:31
Since GBP/USD broke the 164 support, it seems to be heavily supported above 1.63. Does this seem like a temporary strength fueled by M&A or does it look like it will start to resume on the overall long-term downward trend once risk appetite comes through? I am assuming for intraday the 164 could serve as the psychological resistance?
montmorency
Abingdon, UK
Posts: 610
14 years ago
Jan 19, 2010 17:22
@PippedOff: "The analyst wrote "Gbp to move higher because it is the only pair not trading in a range".

Hm....on a weekly chart, that's exactly what it IS trading in. Mind you, on that basis, it could go to about 1.69, so this still wouldn't be good news for dollar bulls.
said
France
Posted Anonymously
14 years ago
Jan 19, 2010 16:18
CELTIC GIRL, SIMAO, FORUM

1.6242 FOR GBPUSD
simao
casablanca, Morocco
Posts: 51
14 years ago
Jan 19, 2010 15:03
hello ashraf and thnx for all your analysis, i have wait your interview in CNBC Arabia today but we havent see you. no problem.

tell me about pound are you see this last on 1.61 for coming week or maybe 1.59. plz clarify us your point and thnx

mohamed
Edric Ou
Singapore
Posts: 21
14 years ago
Jan 19, 2010 14:26
Hi Ashraf,

Do you think it is a good idea to short cable at 1.6330? And are you still bearish on UK in the short/long term?

Thanks.
PippedOff
Canada
Posted Anonymously
14 years ago
Jan 19, 2010 3:17
Just read some great analysis on Cable.

The analyst wrote "Gbp to move higher because it is the only pair not trading in a range".

LOL-great analysis-the definition ofa momentum player.
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