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Thread: Discuss the GBP/USD with a DailyFX Analyst

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#39 (permalink)

04-26-2007, 09:04 AM

JohnG_FX

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Join Date: Feb 2004

Posts: 1,536

Well that was a pretty big shakeout,

GBP really struggling at the moment, EURGBP GBPCHF and GBPJPY all under the hammer.

Definately due a bounce to sort out the o/s on the intraday charts, but have a feeling we have further south to go on cable before the week is out.

I've got a spec long @ 9930 with a tight 9897 stop and will just trail that up 30 pips at a time. if the 9897 gets taken will just run with the 9940 put.

Anybody else have any views atm ?

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John G

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