GBP---> 1.96

I was looking at the GBP chart in all time frames, it looks like its aiming for the recent historical high. For position traders wait for a 'buffer' level on retracements in the bull run, so your positions are safe from stop hunting and whipsaw action.

It will hit it. ----> 1.96

Chris

Your position trade is only safe if you enter in the 1.82 handle and able to withstand a 50 pip whipsaw divergence.

Strong GBP inflows -m&a, throughout, carry trade horizon is a chang'n...
looks strong...

later...

Spectre2006, what do you think about this ?

I prefered to dont get long and stay out, exactly for this reasons.

thanks !

Well . I agree that GBP is the most powerful currency now . but you'll have to watch the middleast war clearly because an Iranian involvement in this war will rise unexpectedly and brutally crude oil futures to higher than 120 $/barrel wich will make USD stronger than technical appearence . So take care and don't make large steps . take your shot towards 1.90 and watch what shall happen .