11 - 19 - 08 GBP/USD (short term)
Falling from about 2.1160 has the tendency to test 6/2001 low 1.3680 level in following weeks.However, short term the downside moving could be limited above 1.4000, though the wave structure from 9/25/08 high 1.8667 or 10/14/2008 high 1.7630 has not been fully clear yet.One of likehoods, price from 10/14/2008 high 1.7630 is to develop an ending diagonal with contracting variety.
reference attached chart for short term movement
[ 本帖最后由 sharkeater 于 2008-11-19 08:46 编辑 ] :han: :han: :vic: :vic: ;) ;) :vic: :han: :D 谢谢老师 高手;) ;) ;) NB;) ;) ;) ;) ;) short term,
GBP/USD looks bullish;
GBP/JPYlooks bullish too;
EUR/GBP looks bearish;
It is better to
1) close or hedge short GBP positions; and
2) suspending the trade of selling GBP in short term, at least within following hours.
[ 本帖最后由 sharkeater 于 2008-11-20 21:34 编辑 ]
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