This looks like it can be a safe 200 pips. It is reaching toward an old high not tyring to break new ground. Anybody have thoughts on this
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- #5
- Dec 2, 2006 1:22pm Dec 2, 2006 1:22pm
- Joined Aug 2006 | Status: Trader | 1,852 Posts
The following is another reason we can expect 200 pips from the pound/dollar.
GBP/USD closed on Nov. 30 1.9653. A 2.37 gain is 466 pips would be 2.0119. A 1.15 loss would be 226 pips to finish the year 1.9327.
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>British pound – US Dollar (GBP/USD)
The sterling appreciated against the U.S. dollar in the month of December, 14 out of the past 20 years times which is roughly 70 percent of the total sample. Like the EUR/USD, the seasonality factor was stronger in the last 10 years with the GBP/USD appreciating 8 years out of the last 10 samples. On average, the GBP/USD gained 2.37 percent during the positive months and lost only 1.15 percent during the negative months.
http://www.dailyfx.com/export/sites/...2.2006img2.gif</o>
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GBP/USD closed on Nov. 30 1.9653. A 2.37 gain is 466 pips would be 2.0119. A 1.15 loss would be 226 pips to finish the year 1.9327.
<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o
>British pound – US Dollar (GBP/USD)The sterling appreciated against the U.S. dollar in the month of December, 14 out of the past 20 years times which is roughly 70 percent of the total sample. Like the EUR/USD, the seasonality factor was stronger in the last 10 years with the GBP/USD appreciating 8 years out of the last 10 samples. On average, the GBP/USD gained 2.37 percent during the positive months and lost only 1.15 percent during the negative months.
http://www.dailyfx.com/export/sites/...2.2006img2.gif</o
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