Australia's largest stock trading and investment forum Australia's #1 stock forum

GBP

Click for more information

0.00%

0.7573 british pound sterling

GBPUSD Faces Downside Pressure On Recovery Failure, page-9

First 9 Last

Share
Profile

Follow
grandcaruso

2,317 Posts.

20/01/16

07:28

Post #: 16829164
Share

Originally posted by grandcaruso ↑

Okay so it's at 142.5 which I 've being saying would be the right level to be a good long term buy trade. It's dropped more than 6c since I first posted 3 weeks ago which is a huge move when it comes to currencies. I still believe that 142/43 is a good buy level but my preference is to go long once and make it a great trade rather than have to double up down the track. With very little support between the current price and 140 this could dip further. I'm also a bit wary that the pair's 12 month high is 171 and a 20% decline from that is 137. Most of the other major currencies have depreciated more than 20% against the USD but given this pair's interest rate differential is only .25% I'm confident that the 140 level should hold. So I'll wait a few more days or a week or so to see what happens from here but I do what to go long before the next Fed meeting which is in about 10 days away.

Expand

Dropped almost another 1c after having a brief rally after pretty good inflation read. Carney jawboned it later and suggested rate lift off could be delayed. At the rate it's going it could be in the 140's this week. That's pretty amazing given it was 151 plus a month ago.

Price at posting: 0.7049 Sentiment: None Disclosure: Not Held
1 Upvote

0 Great analysis

Reply

Top Stories

HotCopper Highlights: Your most watched stocks for Week 47, 2024

LPE

Sales growth pushes Lovisa's fortunes (and shares) upwards

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

DUI

Panic, paranoia, and gangland politics: HotCopper users react to Dubber's missing $26M

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Week 47 Wrap: HotCopper users' most watched; Brent lifts on Putin's scary letter; RFK dents CSL

PYC

Scientific conference spotlights PYC's work on blindness disease treatment

SIG

Dale Gillham's weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse

There are more pages in this discussion • 2 more messages in this thread...

First 9 Last

Add GBP (FOREX) to my watchlist

(20min delay)
Last 0.7573		Change 0.000(0.00%)		Mkt cap ! n/a

Open	High	Low	Value	Volume
0.7573	0.0000	0.0000	$0	0

GBP (FOREX) Chart