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

GBP

Discuss GBP
 
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jazesfx
abuja, Nigeria
Posts: 15
13 years ago
Jan 7, 2011 12:57
@Ahraf,
I will suggest you make a recording for your upcoming seminar in london for those of us that will not be able to make it there.
Please kindly give my suggestion a deep thought.
Thanks
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Jan 7, 2011 10:41
gbpjpy stalled at the 50% ret of the last swing down from 133.040 to 125.486.
jazesfx
abuja, Nigeria
Posts: 15
13 years ago
Jan 7, 2011 10:17
Ahraf,
Thanks for the insights once again.
Ashraf Laidi
London, UK
Posts: 0
13 years ago
Jan 6, 2011 11:41
STERLING sheds a full cent after UK Dec services PMI unexpectedly contracted (49.7 from 53) for the first time since April 2009. This comes a day after UK construction contracted for the 1st time since February 2010. Recall sterling was the strongest performer on Tuesday following the 6-year high in manufacturing PMI. But with these two contractions in construction and services as well as the general stabilization in USD, traders may regain confidence in expecting $1.5270s. Note that despite GBPUSD recent recovery, the pair failed has failed three times to break above its trendline resistance extending from the Nov 4 high. $1.5660-70s was the required breakbut it failed.

Traders now set their sights to the 200-day MA at $1.5412, followed by $1.5350s and the $1.5270 target projected in this Dec 15 charthttp://chart.ly/yn4xak3

Ashraf
jazesfx
abuja, Nigeria
Posts: 15
13 years ago
Jan 6, 2011 8:57
GU still looks good to buy, a break of 1.5566 will see further push to 1.5597 and further push to 1.5617.
Ashraf Laidi
London, UK
Posts: 0
13 years ago
Dec 20, 2010 1:17
John, sorry I can't look at the charts now. See that cable chart I posted in latest IMT. But for now, not much confidence in USD to drag GBP below 1.48. Will look at it later in vacation.

Ashraf
John
Utah, United States
Posts: 9
13 years ago
Dec 19, 2010 1:08
Dear Ashraf,
There are 3 fibo supports from 1.5260-1.5290 for GBP/USD. Do you think the GBP could go under the 1.48 threshold in the recent future.

Thank you.
John Lai @ Toronto, Canada
said
mulhouse, France
Posts: 2822
13 years ago
Dec 17, 2010 15:01
connected ashraf?
Ashraf Laidi
London, UK
Posts: 0
13 years ago
Dec 17, 2010 14:52
Error in prev post. I meant to say downgrade of IRELAND not Greece.

Ashraf
Ashraf Laidi
London, UK
Posts: 0
13 years ago
Dec 17, 2010 14:25
THE NEW STERLING REALITY;
As GBP drops on deteriorating Eurozone news - the latest of which is Moody's multinotch downgrade of Greece. I mentioned on Wednesday GBP was already the worst performing currency of the day and the week due to UK banks exposure to Ireland/Portugal/Spain (Barclays at GBP 94 bln). Adding to this is the BoEs report expressing more concern with the economy and financial system than in May and Nationwides consumer confidence index falling to 45 in November from 52, lowest since March 2009. GBPUSD HITS $1.5520 WEDNESDAY CHART TARGEThttp://chart.ly/ yn4xak3 , a break of which to call up prelim $1.5420. Key target stands at $1.5275. This daily bearishness is also supported by the slow stochastics.

EURGBP breaks above 200-day MA of 0.8520 but will need to CLOSE THE WEEK above this level to fuel further gains next week.

MORE DETAILS ON ASHREAF LAIDI 1-DAY COURSE JAN 23
http://www.ashraflaidi.com/products/workshop01/


Ashraf
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