GBP/NZD seems to be still in a corrective move of the first major upleg (wave 1) after setting up a historic low of 1.77 on 11th April 2013. Around 1.8720 could be this pair a big buy.
I believe price could be drive down to the 1.8900 very soon. Giving NZDUSD about to break 0.8800 to create all time high, I expect it to break down below faster.
Sinuhet
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I agree that NZDUSD is poised up and I am waiting for it to short it by 0.91-0.92. In other words we have some carry currencies strength ahead (NZD, AUD), however the GBP, aprticullary on Thursday may well be stronger then NZD. Let us see how it plays out..I am not shorting it now. these two currently strongest currencies to short each other is nonsence.I wait if we drop down. Then I buy and will chack the position after a few months LOL
Kevabatai
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Im in full stream shorting EA, GA, GN.. let the profit run. ....
Let it go, let it go,
Frozen
Sinuhet
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?? what do you short?
Kevabatai
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EURAUD, GBPAUD, GBPNZD ... sorry for confusing you.
Sinuhet
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ok... well nor my favourites now. I think the move will be somewhere else. Once the NZD strength is over, then the most profitable would be to short NZD/JPY.
Kevabatai
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I dont really trade anything beside GBP much...
And believe the GBPJPY is about to shoot up again very soon. I might try to enter long at 173.00. if it don't desire to shoot up right at 174.00 lol
Sinuhet
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I am long GBP/JPY. Trageting 178, stop 173. But I have a bad entry... it is a small position
Kevabatai
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I think, 174.00 is not gonna hold it.. Wow, GBP broken really hard
I believe price could be drive down to the 1.8900 very soon. Giving NZDUSD about to break 0.8800 to create all time high, I expect it to break down below faster.