08 April 2010

GBP/USD : Re-Sold @ 1.5257

  • Had been taking profit on substantially large sized short cable position at 1.5166, 1.5211 and 1.5188.
  • Re-established 50% of those at 1.5257 today (independent of core short).
  • Long term bearish. Near term trapped between 1.4780 and 1.5380. Wait to sell other 50% nearer to top of this range, or when the daily chart rolls over.

1 comment:

Taichiseal said...

Another 25% at 1.5306