Forum > View Topic
by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 3054
Posted: Feb 22, 2010 5:00
Comments: 3054
Forum Topic:
GBP
Discuss GBP
@alaidi Aside from EURGBP pullback on Ezone data, NO NEWS whatsoever helping GBP some jokingly saying reason: 1st time passes w/ no bad UK data
GBPUSD HITS 5-WEEK HIGHS at $1.5741, coinciding with the 61.8% retracement of the 1.6002-1.5296 decline. Daily sochastics show the possibility of further gains to $1.5900. Note that the $1.57 was a major LOW in Oct 2009 and a HIGH on December 2008. Medium term resistance stands at the $1.5990 trendline resistance extending from the $1.6877 high in Nov 2009. When I said BoE QE will most likely follow in the footsteps of the Fed, the time lag could take anywhere between 1-3 months. Downside risks for GBPUSD remain, but particularly in GBPJPY and GBPCAD.
Ashraf
GBPUSD CLIMBED BACK TO THAT 1.5730 .. WHICH IS THE NEXT LEVEL YOU ARE LOOKING FOR ...
Man, when do you ever sleep ?!
And covering so many pairs its hard to keep pace :-)
Ashraf
GBPCAD trend line resistance from Aug 26 high rests on 16150s
Ashraf
I saw today Ashraf's interview on CNBC Arabia
HE said better sell the GBP against CAD and JPY not USD
Login and Look at the HOTCHART he posted on the website
this point will be breaked to another higher point ??