DislikedHey guys, New to this thread. I don't know about you guys but Im still shaking my head about this weeks moves. I may not be as seasoned as you guys but... WTH?? Really expected a hard short this week...Ignored
I read a Goldman Sachs analyst last year in early October, who said that the GJ was the most overvalued pair in the spectrum. He said it doesn't ultimately matter what the Fed, the BoJ or the BoE do, the pair WILL fall in the medium to long term, perhaps even halving in value (90-95) At that date it was trading at 183. After that it went up to 188, and thereafter has only declined since. Hmmm, wise words!! How low can it go??? I would think Brexit can only exacerbate this move, as it certainly wasn't in the author's thoughts at the time of penning his article.