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

GBP

Discuss GBP
 
Justin Lee
HK, Hong Kong
Posts: 16
14 years ago
Nov 12, 2010 2:50
Thanks Ashraf!
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Nov 12, 2010 2:30
Justin. looks GBPAUD could do 1.6260 for now


Ashraf
Justin Lee
HK, Hong Kong
Posts: 16
14 years ago
Nov 12, 2010 2:25
Potential 250pips+ upside of GBP/AUD.

A likely double bottom and neckline at 1.6420.

Receding speculation of QE expansion from BoE supports GBP, while the rising risk aversion limits AUD upside.

Any comments?
DaveO
N.Cornwall, UK
Posts: 5733
14 years ago
Nov 11, 2010 19:07
correction, eurgbp to replace eurusd
DaveO
N.Cornwall, UK
Posts: 5733
14 years ago
Nov 11, 2010 19:03
Potential support mentioned below played for a bounce in gbpusd @1.6080. GBP been strong on the currency meter today versus strong usd. Hence the coiling in cable. eurusd been much better play but reacted off my 127.2% ext sym, probably only temporary.
said
mulhouse, France
Posts: 2822
14 years ago
Nov 11, 2010 17:12
blanket position
http://www.youtube.com/watch?v=8IRwqIQUlGM

la banana

DaveO
N.Cornwall, UK
Posts: 5733
14 years ago
Nov 11, 2010 14:04
gbpusd broke the 60 min trend resistance line and reversed from my symmetry target posted below at 1.6167. Nice tradeable reaction for intra day 70 pip move down to test the resistance trend line now become potential support.
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Nov 10, 2010 20:48
EURGBP WEEKLY CHARTING TECHS/FUNDIES:
http://chart.ly/ ow7gngb

IRISH DISSENT ON BUDGET, CONFLICTING reports of IMF bailout and a less dovish than expected inflation outlook from the Bank of England triggered the biggest weekly decline in EURGBP since January (and its only Wednesday). Although the BoE continues to see inflation below the 2% target at the end of its 2-year forecast period, it did express uncertainty by noting the chances of inflation being either above or below the target by the end of the forecast period are judged to be roughly equal which is an implicitly hawkish shift, that would serve to delay any QE2 for now. The EURO SIDE OF THE STORY is largely Irish-related as PM Cowen urged opposition Labour Party that if the planned EUR 6 bln adjustment to the budget is not implemented, then the State could not undertake its EUR 50 bln in annual spending, which exceeded EUR 31 bln in receipts. Not going away with the EUR 6 bln in adjustment, would restrict spending by over 50% in services. EURGBP CHART showing a SIMILAR PATTERN TO THAT EURCAD call, whereby a key retracement held up, coupled with a major trendline resistance. The break of the 55-WEEK MA (blue line) BELOW the 100-WEEK MA represents a DEATH CROSS, suggesting further losses towards the prelim 0.84 (June lows), followed by 0.8370 and 0.8150. Only a close above 0.8870 merits re-consideration of this important downcycle. My BLOOMBERG INTERVIEW earlier todayhttp://bit.ly/ cshEOp


Ashraf
DaveO
N.Cornwall, UK
Posts: 5733
14 years ago
Nov 10, 2010 18:26
gbpusd now testing trend line resistance on 60 min chart which coincides with the 50% ret level of the move down from 6298 high at 6125. A break will meet potential symmetry resistance at 1.6177 just above the 61.8% ret at 6166
DaveO
N.Cornwall, UK
Posts: 5733
14 years ago
Nov 10, 2010 17:20
I don't know if anyone commented 5 days ago but cable hit the daily resistance trend line from the Aug and Nov 09 highs. Kissed and retested the line an absolute bute. If it carries on up now and breaks the line we have a 78.6% ret at 1.6444 which is likely to provoke a reaction.