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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
From the price action on both the 1hr and 4hr, we can observed that the bears are gaining momentum to drive the price lower. The bulls seems to be rin hibernation. There will be s slew of economic report coming from UK next week.
My bias is to the downside in the coming week and will be looking for short opportunity and see the price going towards 1.5140/50
We will see how it plays out. Happy Trading and Hunting.
Trade well and follow the trend, not the so-called experts.
looks like will retest 1.5530 next-week if 1.5325 Holds
Ashraf
1.55 in cable remains an interim cap, but I still see 1.51, which is mainly on GBPP weakness rather than USD strength.
I generally prefer GBPCHF than GBPUSD , but since GBPCHF is at the new lows, I would wait and go w/ cable between 15470 and 1.5380s
Ashraf
just try to issue some recommendation on energy company
as for petroleo brazilean first sight gives an objctif of 50
its a good call as long as real strengh and capital flows
I watched your interview today at Alarabiya Channel
I would like first to congratulate you for the new office
the second thing is you said the pound will suffer during the month citing it may reach 1.51
where do you see the pound capped against the dollar for further downside?
do you prefer GBPUSD OR GBPCHF?
Thanks and Eid Mubarak in advance
Ashraf