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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
I will suggest you make a recording for your upcoming seminar in london for those of us that will not be able to make it there.
Please kindly give my suggestion a deep thought.
Thanks
Thanks for the insights once again.
Traders now set their sights to the 200-day MA at $1.5412, followed by $1.5350s and the $1.5270 target projected in this Dec 15 charthttp://chart.ly/yn4xak3
Ashraf
Ashraf
There are 3 fibo supports from 1.5260-1.5290 for GBP/USD. Do you think the GBP could go under the 1.48 threshold in the recent future.
Thank you.
John Lai @ Toronto, Canada
Ashraf
As GBP drops on deteriorating Eurozone news - the latest of which is Moody's multinotch downgrade of Greece. I mentioned on Wednesday GBP was already the worst performing currency of the day and the week due to UK banks exposure to Ireland/Portugal/Spain (Barclays at GBP 94 bln). Adding to this is the BoEs report expressing more concern with the economy and financial system than in May and Nationwides consumer confidence index falling to 45 in November from 52, lowest since March 2009. GBPUSD HITS $1.5520 WEDNESDAY CHART TARGEThttp://chart.ly/ yn4xak3 , a break of which to call up prelim $1.5420. Key target stands at $1.5275. This daily bearishness is also supported by the slow stochastics.
EURGBP breaks above 200-day MA of 0.8520 but will need to CLOSE THE WEEK above this level to fuel further gains next week.
MORE DETAILS ON ASHREAF LAIDI 1-DAY COURSE JAN 23
http://www.ashraflaidi.com/products/workshop01/
Ashraf