DislikedLilmoe,
to what level do you think this is going before starting to go down again?
May be it will go just a little bit above 205.4 to do some stop hunting and then go down?
Thanks
MarcIgnored
Good luck everybody
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DislikedLilmoe,
to what level do you think this is going before starting to go down again?
May be it will go just a little bit above 205.4 to do some stop hunting and then go down?
Thanks
MarcIgnored
DislikedLilmoe,
to what level do you think this is going before starting to go down again?
May be it will go just a little bit above 205.4 to do some stop hunting and then go down?
Thanks
MarcIgnored
Dislikedi'm not sure, but provided we do get above 205.40 i think i have a guess:
78.6 fib of today's high to low @ 206.20. (not that 205.40 was 61.8)
if this happens and we reverse from there, then i think we'll hit 201.50 or 200.50.
if this scenario turns out to be true, then look for a good reversal back to 205.xx. should be a clean 500pip long (tomorrow).Ignored
DislikedI think it might be very difficult for GJ to fall below sub 200 in near future (by the end of next week?). G/U is very close to a strong suppport 1.85-1.86, while UJ has a strong support at 108.5. 1.85x108.5 is 200.72.Ignored
DislikedHmmm, lets hope they are right.
DJ MARKET TALK: GBP/USD Under The Gun, Next Target 1.7050 - BBH
2156 GMT (Dow Jones) GBP/USD may head for 2005 low of 1.7050 after torrid session overnight, says Brown Brothers Harriman in report; "Sterling was the big story Wednesday, with cable falling to the lowest level since October 2006 after BOE cut its growth forecast in the quarterly inflation report and signs point to continued deterioration in the UK economic outlook." Says 1.8620 level key, if this breached could target 2005 low of 1.7050. Pair last 1.8694 early in NZ. (SHN)
(END) Dow Jones NewswiresIgnored
DislikedWhat a bunch of BS.
Although anything is possible, what about Fib, EW, and many other support levels.
BIgnored
Dislikedyou can see it from your charts because it shows move from negative to positive correlation with 10 year period, specifically GJ moved over 70% within 2007. this year is something to prove whether GJ shall match gold with higher than average correlation.Ignored