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GBP Trade Index 18-Year Chart
Daily GBP (British Pound) chart of 18 years of cyclical developments in finance & politics
I dont follow the banks forecast or commentary; I am more of technical trader.
GBP/USD daily RSI and MACD, stochastic Oscillators are pointing down.
My trade is to short the pair to 1.58 if it break out of the range band. And my stop loss is around 1.6260
Dima
It's very simple: Goldman Sachs is the head of a Cable Cartel who simply offers eur/gbp on the public whenever they want to dump more cable on the unsuspecting foolish cable momentum buyers.
Dima
I cant see either technical or fundamental reason for the GBP/USD at these level
Cable has once again cured cancer and solved the global economic crisis, even though it cant solve it's own UK problems. LOL!
.ALL HAIL THE CABLE-THAT BASTION OF SAFETY AND LEADER OF RISK, all at the same time.
Ah well...
Well done to anyone who successfully captured the spikes in cable and Euro.
(I totally missed the boat).
Still better to be out of a trade wishing you were in than being in a trade wishing you were out of it :-)
Speaking of which...
The only one of my orders to trigger was the long in EUR/GPB, and that was too high.
I thought 0.8650 would easily hold. Now it's looking like 0.8600 is threatened. Still, it can easily come back from there in a reasonable time.
Let's see what the European session brings.
RIDICULOUS!