99nines
Short

GU in some deep doo doo

FX:GBPUSD   British Pound/U.S. Dollar
714 5 8
GL

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Price is below fare value in the 1.3xxx area... It just takes time for people to realize the value .... All the companies know it is below fare value ... You will not see below 1... large orders by companies sitting to buy down around 1.30 +/- 3... for you to see 1.20 or 1 or below will take a civil unrest in UK for that to happen... we will not have any move up on GBP for 4-5+ months so their should be lots of time to get very good long positions on GBP... Shorting over the next few months on GBP is a very dangerous and should be done by people who have large account and have lots of experience... If not you could get hurt bad.... by shorting the GBP... my opinion....
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AristotelCostel RobbyWestHouston
Large account and lots of experience? :)) 1,25 is an ordinary target. Fare value was 1.7 just 2 years ago.
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99nines RobbyWestHouston
Here was my old prediction... if you look at where price is now I can't see tp2 not being broken... now the next line down is in the 70s...sooooo
GU hasnt
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You know what you are doing. Kudos
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For continued downtrend - on Friday, 03 Feb 2017 GU must close below 1.250 and on Monday, 20 Feb 2017 GU must open below 1.212 If not - October 2016 low will be lower than any 2017 low
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