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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
ASIDE FROM THE EURUSD testing $1.3100, which is the 50% retracement of the rally from the June low (still eyeing $1.27), EURGBP shorts are now catching up w/ other EURO CROSSES, testing the 0.84 support 61.8% retracement of the rally from the June low to the Oct high (0.894).
0.84 looks like will become the next focal point, but medium term objective remains at the trendline support of 0.8340, followed by 0.8260. You have seen the Nov 14 article charting the MONTHLY & WEEKLY charts on EURGBP http://bit.ly/bg1Cvj calling for 0.8370 and 0.8150.
Ashraf
thanks
Mervyn King may ask PrinceWilliam +KateMiddleton to wed in Dublin in order to prevent $EURGBP crash + soaring GBP.
No comment
Ashraf
u took the word out of my mouth.