DislikedLOL.. are you really buying it will get to 1.73 this year? tell u the truth, i cannot tell you that, i don't know if anybody here will.. but my view is the same as you since as i said earlier on, we have yet to make any bullish signs in weekly (we still have lower highs and lower lows) and price don't make sudden turn, if we want to go up, the price will shows signs of exhaustion first which it still has not..
I don't know mate, everyone of us has different sums of margin and perhaps some of us swing trade to the said price, i can assure you,...Ignored
i am against... this idea that GBPUSD would get up there... specially with this current market conditions... UK possible UK QE2 in line as UK GDP growth has gone back to stagnant levels... and risk of recessions yet again... and i am definitely seeing the weakness with most of the banks here in UK going to fail... they are going to push Mervyn king for more QE...
I myself fancy more of an idea that GBPUSD would get to 1.50 and 1.45 areas...
Banks are failing in UK and theres no doubt about it... RBS... LLoyds TSB and now Santander and need i say UK relies heavily on the Services Sectory which is dominate by Banks...
We live in a finite world with infinite possibilities.