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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 3054
Posted: Feb 22, 2010 5:00
Comments: 3054
Forum Topic:
GBP
Discuss GBP
Ashraf
London, UK
July 30, 2010 13:15 ET
John, yes i see cable below 1.50 before yearend but not above 1.65
Ashraf"
CAN YOU PLEASE EXPLAIN HOW YOUR SO CERTAIN OF A DIP TO 150
WHAT ARE THE REASONS ?
This months BoE inflation report maybe the only viable barrier to further GBP gains in the event that it reiterates inflation to return below 2% at the end of the 2-year horizon. Until then, GBPUSD will seek to recapture $1.5940 after last weeks important break above the 200-day MA for the first time since January. As long as UK services and construction PMIs this week are w/in or better than expectations, the $1.6 can be seen this week, but more GBP gains are viable against EUR.
Ashraf
supposed to read prelim support 0.8220 followed y 0.8140 im latest IMT
Ashraf
EURGBP breaks key 0.83 support, eyeing prelim support t 0.84 before key target stands at 0.8140.
Ashraf