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- GBP/CHF discussion
New support at about 1.9730 resitance 1.9830 - what do you think? Have we hit the bottom, and will ...
Would not recommend that course of action right now.
Well Done Baby Trader.
Congrats to all who went long on GBPCHF, was very profitable for me and my first target of 2.0530 was hit and surpassed. 2.0700 could be on the cards as the next target.
GBPCHF should continue long if 2.0415 area is broken, otherwise flat. I'm in since 2.0337 so I'm happy.
If you look at the 4 hour chart, I still think the trend is up and now may be a good buying opportunity. I am in a buy at 2.0337 with a stop at 2.0200 and target at 2.0530 then 2.0700.
I agree, long looks good for a retest of 2.0780
Its looks like the news from the US is positive and world markets are being stimulated again (just look at usdjpy), and for now the carry trade is on again. I'm long with a target of 2.0450
GBPCHF has broken resistance at about 1.99 and is going up - I wonder how far it will go before heading south again.
New support at about 1.9730 resitance 1.9830 - what do you think? Have we hit the bottom, and will ...
Lost $600 on the GBPCHF today, but made just about the whole lot back later - crazy days!
BoE rate cut is almost fully priced in.
Your wish is comming true, now we are going up!
Yes, very good analysis.
Support at 1.9785 is holding up, break of 1.9850 will open up poss. 1.99 which we may see today by end of trading.
I agree, the £ has bottomed at 1.9480 and the trend is up - just look at the 4 hr. chart to confirm that.
I am in agreement with you on this one.
YES, Cable is going up today!
The market has over-reacted to the economic situation in the UK by sending the pound down from over 2.1100 to around 1.9750 - thats about 1350 pips in 6 weeks, that is an over-reaction, so I'm still bullish on the pound short/ mid term.
Why are so many of you shorting cable right now? Seems to me Cable is going past 2.000 again and maybe up to 2.100 in the next few months.