{quote} Took 17 of NU long, EA CJ both aproximately hit first targets, but price didnt retrace enough for entries. Lavanda: Yes more or less. It depends on situation of EUR strenght, but generally CJ is drive path for all JPYs. Infinitus here is my key zone i watch for bear bull momentum, staying bearish as usual as long as it holds: http://prntscr.com/4rqmq5 At moment it doesnt look too good for longs as daily wants 2100, but from GU h4 structure point of view it could be 50 pips retracement.
{quote} same channel on the 4min chart have taken a long @ 2582 will set it to BE soon {image}
{quote} Not yet, wait for climatic action.
There is no reason at all to go long term long at moment, we need to breach some serious lines to reverse that hehe. {quote}
{quote} Janpec where do you see GU in short-term, mid and long-term. I think GBP has been defending itself somewhat to all strength going on of the dollar at the minute. Fundamentally, with BoE probably talking of rate hike sooner than expected, I expect the fair value to be in the near term around 1.66 but again with election uncertainly going on in the UK and with talks of no major party getting a clear majority, can be negative for pound. Also I think increasing rate can be a tricky situation but both FED and BoE face the same dilemma. With FED...
I have been posting GBPCHF to gain strenght with exception of GU which should be still pushed down by strong dollar, which both happened over past 7 trading days. So long term view GBP is very bullish however long term its very difficult to say how GBP will perform over all pairs but mid term and short term its much easier to say. GBPCHF as GBP itself is probably safest one to say bullish mid and long term. {quote} Workingforex, basically you answered all by yourself
