Cable Update (GBPUSD)
Yes, but we have to wait until this candle (Monthly) close.
Remember the 38% fibo analysis posted here before? Well, 38% still strong to break for this pair. Here is the link again. #50838
im still long from 1.9366 from last week, my new s/l will be 1.9500, t/p 1.9800, so nobody sees long.
Hey bro we have the same objective 1.9800! while my sl lies @ 1.9580 and my long pos lies @ 1.9680 btw here is another factor why we dump the $ this week:
"IMM DATA showed currency speculators increasing their bets against the USD for the first time in five weeks, with the value of net USD short positions nearly doubling to $12.09 bln in the wk to Feb 19 from $6.66 bln in the wk prior. Over the same wk, long positions in the high yielding Aussie dollar were lifted for the fourth straight wk, with speculators also seen notably raising their long positions in the Yen as well as Euro. Short positions otherwise eased slightly in the Pound, whilst long positions in the Canadian dollar and Swiss france were reduced."
Hope this could help cable guys! Just an info and not a reco!
hey man interesting info. may ask were u got such type of data from?
i understand if u dont want to share.
U.K. House Prices Down 0.2% In February - Hometrack
2/24/2008 7:21:40 PM House prices in Great Britain fell 0.2 percent on average in February, according to data released Monday by the research organization Hometrack.
The organization placed the annual growth rate at 1.4 percent, compared to a rate of 2.3 percent for January. The 1.4 percent February growth was the lowest rate since April 2006.
The housing supply grew, with a reported 8.2 percent increase in the volume of property listings in February, following a decline of 4.6 percent in January.
Hometrack found some signs of increasing demand for housing in the U.K., with the percentage change in new buyers registering with real estate agencies increasing 7.9 percent in February, after declines of 11.5 percent in January and 7.9 percent in December.
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short gu can be a nice option,
or better. long aud/gbp,
Hey bro we have the same objective 1.9800! while my sl lies @ 1.9580 and my long pos lies @ 1.9680 btw here is another factor why we dump the $ this week:
"IMM DATA showed currency speculators increasing their bets against the USD for the first time in five weeks, with the value of net USD short positions nearly doubling to $12.09 bln in the wk to Feb 19 from $6.66 bln in the wk prior. Over the same wk, long positions in the high yielding Aussie dollar were lifted for the fourth straight wk, with speculators also seen notably raising their long positions in the Yen as well as Euro. Short positions otherwise eased slightly in the Pound, whilst long positions in the Canadian dollar and Swiss france were reduced."
Hope this could help cable guys! Just an info and not a reco!
lets see what happens
