Comments on: GBP to be the main focus on Monday morning https://fxww.com/gbp-to-be-the-main-focus-on-monday-morning/ The Professional Source Sun, 24 Feb 2013 18:56:10 +0000 hourly 1 By: Sean Lee https://fxww.com/gbp-to-be-the-main-focus-on-monday-morning/#comment-16540 Sun, 24 Feb 2013 18:56:10 +0000 http://fxww.dreamhosters.com/?p=5766#comment-16540 Hi Rui, good to hear from you again. No point in trying to pick bottoms in GBP/NZD but I’d also be careful about selling s/t rallies as this pair is sooo oversold. Sentiment is bearish GBP still and also bullish NZD due to Chinese buying so until something changes I’d sell really big rallies or leave alone and wait for bottoming formation

]]> By: Iridium https://fxww.com/gbp-to-be-the-main-focus-on-monday-morning/#comment-16538 Sun, 24 Feb 2013 17:09:33 +0000 http://fxww.dreamhosters.com/?p=5766#comment-16538 You can view our analysis here:

http://www.chifbaw.com/en/2013/02/24/weekly-analysis-and-trade-recommendations-3/

]]> By: Kirill https://fxww.com/gbp-to-be-the-main-focus-on-monday-morning/#comment-16534 Sun, 24 Feb 2013 12:43:41 +0000 http://fxww.dreamhosters.com/?p=5766#comment-16534 I wonder could it be UK that triggers next crisis. I was of the opinion that Japan would be a bug in search of windshield, but the price action now has UK as a possible candidate. Break of wedgie indeed suggests some ungodly levels in gbp/usd, plus what worries me even more: weather adjusted power demand was grinding lower with no bounce from 2008. Thus suggesting that pound devaluation is not helping UK economy. I have not heard word stagflation in a while, but that seems to be an indicative path for UK. In short I am starting to think that “it is never late to sell cable” could be a decent strategy here. I was always afraid of cable, but will try to close my eyes and jump into it.

]]> By: Rui https://fxww.com/gbp-to-be-the-main-focus-on-monday-morning/#comment-16533 Sun, 24 Feb 2013 11:39:35 +0000 http://fxww.dreamhosters.com/?p=5766#comment-16533 Good morning Sean! I am very happy to find your new “home”! I missed your comments in forexlive and I finally managed to find your comments again! Hope your hollidays in Germany were ok! 😉 I would like to call your attention to GBPNZD as we just hit a all time low on this pair. Since we dont have historic data I would be very happy to hear your opinion on this. Thanks a lot! 🙂

]]> By: fxgai https://fxww.com/gbp-to-be-the-main-focus-on-monday-morning/#comment-16531 Sun, 24 Feb 2013 11:30:09 +0000 http://fxww.dreamhosters.com/?p=5766#comment-16531 Fortunately I have some cable shorts on given the break down out of the multi month consolidation wedge thingy (for want of a technical term) but I think I will take profits on at least a quarter of the possie in the morning, but I was kinda looking for a move to 1.45 before this came out. The thing is I wouldn’t want to be selling cable when all looks so terrible. When everyone is bearish is the best time to be going long sometimes. HSBC’s trade of 2013 was to sell sterling. It’s worked nicely so far but not sure such predictions last for the whole year.

]]> By: Iridium https://fxww.com/gbp-to-be-the-main-focus-on-monday-morning/#comment-16530 Sun, 24 Feb 2013 11:12:37 +0000 http://fxww.dreamhosters.com/?p=5766#comment-16530 Hi Sean,

It’s kind of difficult to believe, but could it be that the GBPUSD is going to 1.2?
I agree with you, since this downgrade was already expected for some time, there might be some profit taking from the GBPUSD shorts…

Interesting times ahead 🙂

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