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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
Typically, your average retail trader would be very excited to sell into a rally like we saw today, which again, makes me more inclined to think the rally may continue at least for a little while longer.
Thats not to say I am a buyer here- the trend is fiercely down, but these bear market retracements can be pretty nasty if you are caught the wrong way. Personally I am on the sidelines waiting for a reason to sell- I just don't see one yet. I do see some reasons for caution on the short side, at least in the near term.
Just my opinion though :)
gbp will hit 1.53 in europe trade Monday.
Hope evryone here has deap pockets.
rkkasmir said: "Why is there a divergence between (aud.usd and nzd,usd) and gold? "
Go on then RKK, enlighten us. It would be about the first positive contribution you have made here in weeks, if not months. I think you need to step back and ask yourself why are you here. Or just step back.
Why is there a divergence between (aud.usd and nzd,usd) and gold?