GBP/USD is establishing new 1.88 - 1.99/2 channel?

It looks like 1.99/2 will be the top for GBP/USD for sometime. Unless USD collapses; which I think it will, but highly doubt that this will take EUR and GBP to roof.

Simple: EU economy is NOT better than US by any means, hence NO fundamental to say that EU/GBP could burden high rates.

GBP/USD looks like its establishing a new historical high around 1.99/2, and there could be a start of selloff right from there, all the way down to 1.88/1.9.

I wouldn't be surprised if 2.0100 is the top, or thereabouts. Then we could see the mother of all reversals if history is anything to go by.

Well out of my EUR short punt, on GBP front the move to 1.99s (but prob not all the way to 2.00s) might have just started in the last 3 hrs or so. Then the fall to 1.91s or lower. Wonder if it will be a swift or a gradual one..

I really wonder, where you guys get your knowledge from

So I assume you dont have anything intelligent to add to the conversation juao? Yep, righto.

Well, I was just amused to find nothing intelligent other than "Cable will move between 1,99 and 1,88 " here.

That is why I was curious how one can arrive with such a daring forecast.

I could have asked how anyone can compare Europe with the USA.

An evergrowing ( in terms of members, which is everything else than favorable for the EU atm --- just look at Poland --- ) Exportnation, the worlds largest, compared with the worlds biggest domestic market ( if you count the NAFTA it becomes more obvious ) --- now that is something intelligent yeehaw, rednecks strike again.

Just my 2 Eurocents

so after the interest rate statement, you believe the macro EUR/USD is down? Care to share your insight? Many do believe the housing market may be a bottom here (a good size factor in the Fed statement), and many do expect the fed to keep rates unchanged once again and then cut rates in March.

Some analysts believe Fed is up for another rate hike .. who knows right now.

Jackpot

GBP/USD moving once again towards the top of the channel, to around 1.99/2

hehe, accurate guesswork