GBP/USD trading

[Jon Reed]

My technicals are showing long, but the market seems to have been very erratic lately, anyone have an opinion?

 

[Spectre2007]

short, the last 100 pip move seems to be good indicator, if its implied direction.

 

[megajester]

long until 1.9770

 

[megajester]

stop out -50 pips

 

[nik1033]

Quote from Jon Reed:

My technicals are showing long, but the market seems to have been very erratic lately, anyone have an opinion?

Lets for UK to start, then it will clear the situation!

 

[nik1033]

For now looks SHORTy!!!

GL & GT

 

[Jon Reed]

Looks like short for at least the next 3 days, what do you guys think? News doesn't look good for GBP either, so that'll probably also add to the drop.

 

[nik1033]

Quote from Jon Reed:

Looks like short for at least the next 3 days, what do you guys think? News doesn't look good for GBP either, so that'll probably also add to the drop.

For me it will go up again...

GL & GT

 

[Spectre2007]

no real reason for it to shoot up, but sell side momo is stronger, no news to fuel the trade except the davos snobs jawboning it for their friends.

'look ma' see how much i can push the fx market....weee

 

[Spectre2007]

gbp should slide with eur.