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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
I'm thinking of shorting Gbp/Aud - It looks over extremly overbought on the daily chart and there is heaps of resistance.
Would it be wise to short this pair - Would the fundamentals reinforce the short
Cheers
sterling still has potential to go to the upside
the austerity measures in the uk will weigh down on the pound
look to enter long term strategic shorts
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Having said that, choice of dates seems a little arbitrary, and that's always the problem with trendlines.
But thanks, and it's certainly heading in the direction you indicate.