Dislikedlongs doing ok but I am sitting here scratching head .... all this movement for a crappy 19 billion cadbury deal in a country that is broke as the us .. and the gu flies up , not only that but today the 200 pip up move has been on zero volume.
either
1) CPI is really really bad
2) Cadbury deal falls thru
I am waiting for the right time to sell this .... could be the last chance we get this year....Ignored
Think there are powerful interests supporting the GBP. Notice the nice bottom formation on the daily chart a year ago, the upmove and now the 5 month long triangle. If that triangle is one big bear trap then there is a powerful upmove coming
.