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Pound Rally Continues Unabated

fxsurprise8 Posted 1 Lug  in #Trader's blog #Gbpusd #Gbpjpy #Pound
The Pound rally continues unabated. The strong move up yesterday led me to reconsider my shorts and I have since switched to longs again. As my TA pieces indicate (see this and this) I am bullish on the UK currency mid term. But I thought we may have a good retracement before the Pound continues the rally. As the market proved me wrong, I'm back on the long side.
Both my GBP/USD long and my GBP/JPY long are now up 35 pips each. I will reconsider the long bets if GBP/USD makes a decisive break be…
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Geppy to Overcome Headwinds

fxsurprise8 Posted 30 Giu as Analysis on GBP/JPY, Target: 178.8900, Date: 1 di Agosto, 12:00 GMT  in #Technical analysis #GBP/JPY #Gbpjpy #Pound #Japanese Yen #Geppy
It has been a fantastic 3 years for the GBP/JPY. The currency pair has advanced over 5,500 pips since reaching a swing low of 116.82 in September of 2011. But as indicated by the chart below, the momentum upward has stopped at the 175 figure.
However, the constant pushing of prices on this resistance leads me to believe that the Geppy will overcome the headwinds and finally break above 175 this summer. I'm targeting 179, the first resistance after 175 gives way. This was the swing low for the GB…
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sense_of_life_is 30 Giu

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