11 - 19 - 08 GBP/USD (short term)

旦旦 · 发表于 2008-11-19 08:43


	Falling from about 2.1160 has the tendency to test 6/2001 low 1.3680 level in following weeks. However, short term the downside moving could be limited above 1.4000, though the wave structure from 9/25/08 high 1.8667 or 10/14/2008 high 1.7630 has not been fully clear yet. One of likehoods, price from 10/14/2008 high 1.7630 is to develop an ending diagonal with contracting variety. reference attached chart for short term movement [ 本帖最后由 sharkeater 于 2008-11-19 08:46 编辑 ]

发表于 2008-11-19 08:52

发表于 2008-11-19 09:24

发表于 2008-11-19 10:06

发表于 2008-11-19 10:26

发表于 2008-11-19 11:09

发表于 2008-11-19 11:28

发表于 2008-11-19 19:28

发表于 2008-11-20 00:25

发表于 2008-11-20 21:11


	short term, GBP/USD looks bullish; GBP/JPY looks bullish too; EUR/GBP looks bearish; It is better to 1) close or hedge short GBP positions; and 2) suspending the trade of selling GBP in short term, at least within following hours. [ 本帖最后由 sharkeater 于 2008-11-20 21:34 编辑 ]