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

GBP

Discuss GBP
 
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Pabloc75
Buenos Aires, Argentina
Posts: 16
14 years ago
Mar 10, 2010 17:00
@callum I've just cut the trade at break even. I don't like the price action too!

Good luck with your gbp/jpy. I cannot comment as I don't follow this pair.
Callum
Singapore, Singapore
Posts: 179
14 years ago
Mar 10, 2010 16:16
@Pabloc75 - I shorted gbpjpy 135.15 only to see this shoot up looking like it wants test 136. I am looking at re-enty short on GBPUSD above 1.50 but let's see how things pan out, as I am a little perplexed right now.
Callum
Singapore
Posted Anonymously
14 years ago
Mar 10, 2010 13:39
GBP JPY seems to hold much better around the 135 than against the USD. Does this look like a better short given risk aversion would drive both JPY stronger coupled with on-going GBP weakness?

@Pipped? you looking at GBPJPY for re-entry also or just GBPUSD
Pabloc75
Argentina
Posted Anonymously
14 years ago
Mar 10, 2010 11:43
Hi all! Anyone short cable? I shorted at 1.5010 and went out at 1.489 this morning. Looking to re enter @ 1.4950 to catch another 100 pips per Ashraf's IMT target 1.4850.
Thank you Ashraf!! This $$ goes to your book. Have a nice trading day all of you!!
PureStones
Korea Sout
Posted Anonymously
14 years ago
Mar 9, 2010 9:35
thanks all your kind answer ^^
PippedOff
Canada
Posted Anonymously
14 years ago
Mar 9, 2010 6:31
Careful of another mindless short squeeze here in GBPUSD. By all roghts, it should have gone to 1.49 on the RICS Housing news. However, the RAB needs to support risk appetite in order to prop up its overvalued currency Aussie. So not only is RBA selling a basket of currencies against AUD in regular FX transactions, they are also selling USDCAD, buying gold, and buying euro and GBPUSD.

Additionally, the EURGBP pair put on 80/90 pips yesterday. So as is the norm with GBPUSD after awful economic news, the offer on EURGBP will be hit all day as euro struggles and GBPUSD once again defies the odds and sqeezes shorts in yet another mindless short-covering squeeze.
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Mar 9, 2010 0:06
MORE UGLINESS from UK HOUSING; UK Feb RICS price balance falls to +17 from +31 lowest since 8/09 $GBPUSD. was expected at 32.

Ashraf
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Mar 8, 2010 23:44
UK RICs housing data + BRC retail sales at midnight GMT. these housing figures usally volatile but worth a look anyway.

Ashraf
Celtic girl
Arinsal, Andorra
Posted Anonymously
14 years ago
Mar 8, 2010 22:52
Just heard on the english news - latest poll has Labour and Conservatives neck on neck which is cable
negative also the housing data this week will be terrible, cable will get hammered
speculator
Posted Anonymously
14 years ago
Mar 8, 2010 19:26
sorry guys i was in an operation am UK today so spelt my name kind of wrong after it as was drousy as was put to sleep for about an hour.
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