Thanks...guys...really appreciate it, looks like things are easing down on the subprime mortgage side, so the spill over effects on to the carry trade is not causing a negative effect anymore, therefore high yielding currencues not getting hit now. Looks like market will be bailed out.
GBP/USD trading
- Thread starter nik1033
- Start date
Thanks...guys...really appreciate it, looks like things are easing down on the subprime mortgage side, so the spill over effects on to the carry trade is not causing a negative effect anymore, therefore high yielding currencues not getting hit now. Looks like market will be bailed out.
Good luck nik, I'm long and eyeballing 2.0330. 
Hopefully we get there in a day or two.
Hopefully we get there in a day or two.
This could drop a long way. Definitely holding short. We are at the top of a bear channel on the daily chart, plus price action is confirming the downward move. Hang on for the ride.
itrader911
Guest
i wish everyone the best of luck, happy trading