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

GBP

Discuss GBP
 
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Gunjack
London, UK
Posts: 1184
13 years ago
Feb 3, 2011 12:36
services PMI comes in v strong...and cable explodes higher. Still think the fundamentals don't justify it's price and when Old Mervyn doesn't raise rates as much as mkts anticipate then reality will set in and canle back to 1.55-6 range
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Feb 3, 2011 11:10
GU looks to be completing the 5th wave of a neat 5 series from the 5344 low. Once completed take your fibs for the entire move up
catnip
Frankfurt, Germany
Posted Anonymously
13 years ago
Feb 3, 2011 9:43
UK services PMI puts BoE under rate hike pressure but the buddy in the box is trichet because
retail sales include exploding inflation....well those ECB officials have one thing in common with PBOC officials they cannot even spell the word work and neither can they spell the word think
said
mulhouse, France
Posts: 2822
13 years ago
Feb 2, 2011 20:48
and with jan ihs arcade section also.
said
mulhouse, France
Posts: 2822
13 years ago
Feb 2, 2011 20:45
ashraf and co
we terminate ur Mcmurdo participation. command florida
Shane
Lahore, Pakistan
Posts: 209
13 years ago
Feb 2, 2011 20:38
GBP rallied till 1.6230 exactly conciding with the trendline drawn from august and november 2009 highs on weekly charts . Daily close below is below 1.62.

Ashraf dont u think its risky to go long now, kindly check the chart 1.6150 was never the resistance if u draw the line from august t 2009 highs through november 2009 highs the resisitence is 1.6230 exact. if it breaks above 1.6240 i think that will pave way for 1.65.

anyways i think the mere existence of this trendline is so that it can be broken so i plan to go long on a dip.
Ashraf Laidi
London, UK
Posts: 0
13 years ago
Feb 2, 2011 16:39
GBPUSD rises 3% over the past 3 days after Jan construction PMI regained +50 level. Breaking through the $1.6150 resistance, the path remains open to the next barrier at the $1.63 barrier (Nov 2010 high). Subsequent resistance stands at $1.6420the trendline extending from the Nov 2007 high.


Ashraf
said
mulhouse, France
Posts: 2822
13 years ago
Feb 2, 2011 14:02
chloe
he or she farted.
Shane
Lahore, Pakistan
Posts: 209
13 years ago
Feb 2, 2011 13:38
bull if u see the day chart u will see that gbpusd always has these false spikes, my only worry is that it should not extend above 1.63. however more worries adding to my gbpusd short are that we had a double bottom at 1.53500 and 2ndly that 1.62 has been gunned down plus the previous highs were at 1.59 in august than 1.61 in september than 1.6280 in november approximately 200 pips higher than last time so i am afraid that 1.65 maybe in pictures b4 the eventual downfall of gbp.
digi
toronto, Canada
Posted Anonymously
13 years ago
Feb 2, 2011 2:56
short memory problem
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