British Pound Strength in 2018

HBC Fund

HBC Fund

Anyone thinking of the GBP reaching higher levels?

According the Bloomberg, the Pound is the best performing of the G10 currency so far in 2018.

What are the chances of GBP hitting $1.50 again?
 
Don't know how high it'll go but I'm long GBP/JPY and looking for long re-entries into GBP/USD again next week if poss. After that GBP/CAD or GBP/NZD look like next opportunities.
 
Idk about 1.5 but 1.45 has a decent possibility this year. Most of my technical posts about it are in the GBP thread and my EURJPY thread. As mentioned above, 1.40/1.41 are decent spots to look to enter.
 
I guess expectations for the current government are so low any hint of good news sends us higher + EM currencies in general have done well ;)

Also there's that chatter re new referendum - that would be a great selling opportunity IMHO
 
Still in a testing phase but here are what my algorithms are indicating for the British Pound Weekly data in 2018. The first chart represents an indication or reflection of what the price chart will look like and the volatility chart is pretty much self-explanatory.

upload_2018-1-28_16-15-57.png
upload_2018-1-28_16-17-9.png
 
It is not that the GBP is getting higher. It is the USD which is getting lower. Look at most currency pairs which include USD and you will see this.
 
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