DislikedWhat is your experience with the LONGS coming into play here today at LONDON looking for that TRIPLE Interest to pay out?
Not that I think were Long just yet, but was just pondering the possibilies of what if???
Thanks, KenIgnored
Only thing could happen is some 30 somthing cowboy hedge fund managers from london can give the pair around 100 pips retracemnt towards north but it's highly unlikely when they know that NY is in a very big selling mood on GBP/JPY. For the whole trend to turn bullish it has to shoot atleast 250 pips up... beause daily is very much on bearish. Most likely London will join the selling spree to profit from some of their carry trades... as US is heading for a big meltdown and some of the currency profits might go in to Gold due to uncertinity in currency & share market.