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

GBP

Discuss GBP
 
1...424344454647484950515253545556...306
benny
sydney, Australia
Posts: 21
12 years ago
Apr 28, 2012 2:34
Hi Jacek,

love the lines and the charts O_O
jacek
Melbourne, Australia
Posts: 2579
12 years ago
Apr 28, 2012 0:16
could it be olympics effect?.. attempt "pole vault" over 7000 and then come down to earth after everyone leaves the stadium in disappointment again:-)..
http://www.youtube.com/watch?v=IWGyzPNXI_U
DaveO
N.Cornwall, UK
Posts: 5733
12 years ago
Apr 28, 2012 0:01
Its pretty weird we all talking bullish cable when the entire week has been fraught with politician's gaffs and double dipping. Much will depend on usd methinks.
jacek
Australia
Posted Anonymously
12 years ago
Apr 27, 2012 23:44
"..right on DaveJ..." :-)
resilient indeed.. but 6040-60 area did not get tested sufficiently in my view..
so maybe just above 6300-20 for now before that test.. after that maybe 6500-50 or even 7000 possible..

fyi

Friday's CFTC data shows that as per April 24, speculative
accounts had a net cable long of +7,536 contracts, versus a net short of
-13,051 contracts last week. Mary Nicola, strategist at BNP Paribas
notes that this is the first net speculative long since August 2011.
"We continue to favor euro-sterling downside," she says.
Dave J
Canada
Posts: 197
12 years ago
Apr 27, 2012 22:51
..right on DaveO...will be interesting to see what Monday and Tuesday bring...
DaveO
N.Cornwall, UK
Posts: 5733
12 years ago
Apr 27, 2012 21:52
I have targets for furher upside at 1.6360, 6420 and 6565. Potential reaction levels. 1.6420 area is well clustered.
Dave J
Canada
Posts: 197
12 years ago
Apr 27, 2012 21:46
...impressive run by cable this week...shorter term charts looking ripe for a good 50+ pip pullback, bullish pa slowing up... longer term tho' can see this pair stretching to 6320 and on even further to 6550...

fundamental side, a mixed bag...Martin beakin' on QE (final month for their bond buying program) due to the UK going into its first dble dip recession since that 70's show...but a dovish fed/usd weakness not helping the bear case for cable..

next monday last trading day of the month and would provide a reasonable terminus for the run (ie profit taking)...."sell in may and go away"?
Rezz
Vancouver, Canada
Posts: 53
12 years ago
Apr 27, 2012 19:55
GBPUSD pullback may come, more likely powered by short covering in EURGBP. For longest time most analysts have been picking 0.8050 as target in EURGBP (likely why sterling has been on a tear), and I wouldnt be surprised to see the opposite happen now and EURGBP to get back above 0.82's before any resumption of downtrend?!!
DaveO
N.Cornwall, UK
Posts: 5733
12 years ago
Apr 27, 2012 12:13
where u bin jacek, long vacation on your profits ?
jacek
Melbourne, Australia
Posts: 2579
12 years ago
Apr 27, 2012 6:15
g'day benny.. few more lines 4u to work with:-)
Report Reply
1...424344454647484950515253545556...306