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0.7978 british pound sterling

Bounced off June's low. Can't see that holding either. Looks...

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grandcaruso

2,317 Posts.

06/01/16

07:38

Post #: 16736122
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Originally posted by Tmacker69 ↑

Agreed. Waiting for longs too.

I think the prospect of Carney raising rates could come up again at some point also (considering it's now been shown that a .25% rise won't collapse the economy). Together with re-reassurance from the fed that their tightening cycle will be slow(er), cable could be an excellent long.

If that happens, and wheeler isn't telling porkies about wanting a weaker NZD, GBP/kiwi might be another decent long.

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Bounced off June's low. Can't see that holding either. Looks like 145 sooner rather than later. Although , USD has been particularly strong last couple of days and we get Fed minutes and US payrolls at the end of week which could change things.

Price at posting: 0.6819 Sentiment: None Disclosure: Not Held
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0 Great analysis

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