Forum > View Topic (Analytic)
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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radu
bucharest, Romania
Posts: 203
15 years ago
Oct 26, 2009 14:25

Vik !

Don"t sleep ...chf/jpy is near 91.5 breakout !!
nzvik
Auckland, New Zealand
Posts: 225
15 years ago
Oct 26, 2009 0:13
thanks Spec
nzvik
Auckland, New Zealand
Posts: 225
15 years ago
Oct 26, 2009 0:12
Radu, Good Luck.

by today I mean monday - it is monday 1 pm in New Zealand. chfjpy has an atr of 85 - so i guess we will know today where this is going to move.

I will add to long if it clears 91.65

cheers
Vik
Rehan123
London, UK
Posts: 5
15 years ago
Oct 26, 2009 0:10
Hello Guys

I think we are looking at GBP to test 1.6000 this week?

What do you think please?
radu
bucharest, Romania
Posts: 203
15 years ago
Oct 26, 2009 0:01

Yes NzVik ,

I know from which value you bought it
I agree too with 91.5 level ( higher point on day chart in 12.06 ) and then maybe 93-93.5
I just don"t know if today will be the day...anyway my tp is in 90.99
GL
speculator.
Posted Anonymously
15 years ago
Oct 26, 2009 0:01
nzvik, the jump in sterling post 1.57 of 1000 pips was driven in large by a reveral in speculation against QE and rates. The minites of the bank of england were pound positive in that the market was reading too much too soon thinking that QE was capped and a signal that loose policy was coming to an end. We are more than likely to hit sub 1.60 this week especially if risk starts undwinding which is highly possible.

The UK still faces a very high chance of lagging behind major economies and facing several quarters of economic contraction. the economy is currently on a high as it has been on ecstacy which has helped underpin the real estate market and spending in some high stores. however this will not last long. the uk also faces possibility of prolonged low interest rates and chance of 0% and even -% rates. this will bring about further sterling selling and coupled with broad dollar strength in the near term, sterling will fall very fast.

we tested 1.57 recently so chances are we will again very very soon. watch this space.
nzvik
Auckland, New Zealand
Posts: 225
15 years ago
Oct 25, 2009 23:50
Yes Radu,

I am long from 89.80 - at the first breakout.

today is critical - if it breaks 91.5 it goes higher - otherwise we could see a fast and strong retracement.

radu
bucharest, Romania
Posts: 203
15 years ago
Oct 25, 2009 23:41


Hy NzVik ,

Are you still long on chf/jpy ?
I am long from 90.64...it looks could goes up ...but slowly
nzvik
New Zealand
Posted Anonymously
15 years ago
Oct 25, 2009 23:33
spec - the same reasons you did not agree to a bounce back from 1.58 to 1.6+ - 2 weeks back. we nearly touched 1.67.
what do you think caused the 1000 pip jump from 1.57 to 1.67 in 10 days ? was it a reduction in QE or a potential increase in interest rates ? if you can explain that it would be great for my and the forums understanding.
markets have been overbought for the last 4 months !!
montmorency
Abingdon, UK
Posts: 610
15 years ago
Oct 25, 2009 23:25
Also I think the mood in the UK at the moment (especially on the government side) is terribly negative. The weekend press seems to be full of bad economic news and pessimistic opinion. Any talking up of the pound that might occur would seem to be whistling in the wind.
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