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Long Term GBP/USD ( Warning Sign )

  • #41
  • Jul 6, 2008 9:25am Jul 6, 2008 9:25am
i think, if the big red trendline is broken on the monthly chart, price is able to test the longterm trendline on the 2. chart.

on the other hand: longterm trend is clear

Have a nice trading week.
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  • #42
  • Aug 13, 2008 6:15am Aug 13, 2008 6:15am
what a two weeks move for now.

when it break that 1.9360 line the price drop like crazy as i expected, no retracement so far.
  • #43
  • Aug 13, 2008 3:20pm Aug 13, 2008 3:20pm
I'm LoSt the Own Strategy With Greenback Show the POWER..I DoN't Now..What Do I Have Suppose To Do With GBP
  • #44
  • Last Post: Sep 10, 2008 2:59am Sep 10, 2008 2:59am
Quoting Rabid
It's going to be a while. BoE talking rate hawkish but w/ no economic basis for it. UK's caught stagflation, if they raise rates they hurt the economy, if they don't, then inflation eats them up.

If any trend does resume it'll probably be a down trend, but that won't happen until the US starts raising rates. Probably not till '09. Even a bunch of US bad news won't matter, none of that is a long term price factor anyway, the UK's got it bad and isn't getting better soon.
after all,
you where right,
it have gone down after the bad fundamental in the UK.

stagflation is really there.
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