I did not enter new buy trades on Cable since it last risen to 1.17-ish.
I did, however, short the pound when Cable was moving about 1.20-1.21 levels. I short against the yen. This may be one of my last trades for 2022.
I do see Cable retreating down to 1.14-1.15 level during the new year, and attempt another leg up to 1.25 during Q1, and 1.30 during Q2.
For now, I'm winding down my trades, for Christmas holidays. Bashing down the pound was something. I wish we have another Truss-Kwarteng moment in the future, not ruling it out entirely in 2023-24. Against the yen, I'm now looking at 163.
I did, however, short the pound when Cable was moving about 1.20-1.21 levels. I short against the yen. This may be one of my last trades for 2022.
I do see Cable retreating down to 1.14-1.15 level during the new year, and attempt another leg up to 1.25 during Q1, and 1.30 during Q2.
For now, I'm winding down my trades, for Christmas holidays. Bashing down the pound was something. I wish we have another Truss-Kwarteng moment in the future, not ruling it out entirely in 2023-24. Against the yen, I'm now looking at 163.
Attached Image (click to enlarge)
3
