GBP vs FOMC

prasxz 2006.08.08 11:13

Hi,

I think if FOMC result is positive about rate hike...we will see GBP retrace to 1.8900...we will wait gbp to retrace soon....

Any suggestion ?

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DOMIANDR000 2006.08.08 11:27 #1

I would say around 1.8800 - 1.8850 if positive over next few days..since it had a nice run up of 600pips from 1.8400 within 2 weeks...

Thx

prasxz 2006.08.14 12:23 #2

Today GBP

GBP ready for bearish movement in this week with target 1.8769 due to low oil price and middle east cease fire.

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