Tuesday, December 30, 2008

Is The British Pound About To Head Lower?



When looking at the 4 major currencies that I follow, it is clear that the British Pound has been the weakest. The Yen, Euro and Swiss have all rallied over the past few weeks but the British Pound has been unable to move higher. In fact, if you look at the rally in the Euro from late October into Mid December you will see that the British Pound has not rallied at all and is now breaking support. Looks like the Pound is about to start the new year with a new leg down.

3 comments:

Brendan Lee said...

I agree GBPUSD has to go lower, it is a junk currency.

Anonymous said...

hey Kevin... Happy New Year from Europe ..wish many highly profitable trades in 2009

Best trading Blog on the WEB ...your are very very good!!!



ILIAN

joshua said...

I recently came across your blog and have been reading along. I thought I would leave my first comment. I don't know what to say except that I have enjoyed reading. Nice blog. I will keep visiting this blog very often.


Deborah

Term Life Insurance

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