Comments on: Cable outlook: Support holding, but barely

By: Sean Lee

Sean Lee — Wed, 03 Jul 2013 09:41:16 +0000

In reply to SergaNet. Once again Serga, your ability to pick the right levels in a range of currency pairs simply amazes me. As you know, I was bullish USD/CHF but got out thankfully near 9700. Overall looks like 90/100 range but I do still think the CHF will eventually weaken on crosses. Currently I like NZD/CHF and GBP/CHF.

By: Sean Lee

Sean Lee — Wed, 03 Jul 2013 03:17:47 +0000

Hi Serga, sry travelling this mrng. Will have closer look in few hours

By: SergaNet

SergaNet — Wed, 03 Jul 2013 02:44:15 +0000

Sean, you can still pay attention to the USD/CHF, I started selling 0.9521 with a stop just above 0.9565. What is your opinion about this pair?

By: SergaNet

SergaNet — Wed, 03 Jul 2013 02:30:29 +0000

Good day, Sean! If at the day graph hold the line on low 2013.03.12 and 2013.05.29 (12 March / may 29), we obtain the trend line (though it is built on two low), but still. In this case the stop is desirable to place the below 1.5100, he looks better under 1.5085. This is my opinion, Sean. What do you think? Successes to you!

By: Sean Lee

Sean Lee — Wed, 03 Jul 2013 02:26:40 +0000

Don’t disagree Mike but my stop is at 15100 so I’ll stick with it

By: mike

mike — Wed, 03 Jul 2013 01:56:01 +0000

EUR/GBP is threatening level 0.86 for days(danger still there), make me wonder is there something we don’t know yet. Month-end buying is done, EURO area recovery is done(at least UK is in recovery phase), ECB is talking to keep accommodate policy for a long time while MPC is worry if they follow FED will cause some trouble. Maybe it’s wise to accept we all know something we don’t know.

By: mike

mike — Wed, 03 Jul 2013 01:50:25 +0000

Hi, Sean

I think your bullish bias on GBP is solid, but choose GBP cross maybe better then GBP/USD, in this condition when the only CB start talking taper.

Regards,