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

GBP

Discuss GBP
 
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Sep 23, 2010 18:55
kumar, see my latest laetst IMT and tweets on GBP

@alaidi Aside from EURGBP pullback on Ezone data, NO NEWS whatsoever helping GBP some jokingly saying reason: 1st time passes w/ no bad UK data


GBPUSD HITS 5-WEEK HIGHS at $1.5741, coinciding with the 61.8% retracement of the 1.6002-1.5296 decline. Daily sochastics show the possibility of further gains to $1.5900. Note that the $1.57 was a major LOW in Oct 2009 and a HIGH on December 2008. Medium term resistance stands at the $1.5990 trendline resistance extending from the $1.6877 high in Nov 2009. When I said BoE QE will most likely follow in the footsteps of the Fed, the time lag could take anywhere between 1-3 months. Downside risks for GBPUSD remain, but particularly in GBPJPY and GBPCAD.

Ashraf
subway90
Korea Sout
Posted Anonymously
14 years ago
Sep 23, 2010 18:48
we'll probably see some sideways trading after touching 59xx level.... but eventually will move higher toward 6200/6300 level by end of the year...
pkumar97
India
Posts: 19
14 years ago
Sep 23, 2010 16:42
Ashraf,
GBPUSD CLIMBED BACK TO THAT 1.5730 .. WHICH IS THE NEXT LEVEL YOU ARE LOOKING FOR ...
pegasus
cams, UK
Posted Anonymously
14 years ago
Sep 23, 2010 16:42
Hi anyone any thoughts on where GBP will be against the $ by early Nov please? back up around 1.70 or back down below 1.5, any ideas appreciated as I have to convert my $ holding before Nov as the tax man cometh. Thanks
DaveO
N.Cornwall, UK
Posts: 5733
14 years ago
Sep 22, 2010 18:42
Ashraf, that a bit sneeky shorting the GJ while they on holiday :-)

Man, when do you ever sleep ?!

And covering so many pairs its hard to keep pace :-)
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Sep 22, 2010 16:34
FIGURING OUT THE GBPCAD TRENDLINE RESISTANCE; connecting highs from Aug 26 Trend line resistance at 16200 (CMC prices) & 16210 (Bloomberg prices )


Ashraf
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Sep 22, 2010 16:20
See my latest IMT on GBJPY seeing further downside. I am taking a risk to bet that there will be NO intervention from japan this week as they off on Holiday.

GBPCAD trend line resistance from Aug 26 high rests on 16150s

Ashraf
miljenkooo
umag, Croatia
Posts: 4
14 years ago
Sep 22, 2010 16:16
big Laidi
Seif
Cairo, Egypt
Posts: 53
14 years ago
Sep 22, 2010 14:58
Mostafa
I saw today Ashraf's interview on CNBC Arabia
HE said better sell the GBP against CAD and JPY not USD
Login and Look at the HOTCHART he posted on the website
kwahab
batna, Algeria
Posts: 2
14 years ago
Sep 22, 2010 11:09
eur/usd 1.3390!!!
this point will be breaked to another higher point ??