LET'S PLAY IN THE FOREX..AND NOT GET LOST! Message Board

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Strategies & Market Trends : LET'S PLAY IN THE FOREX..AND NOT GET LOST!

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To: Spark who wrote (60)	3/19/2007 7:32:11 PM
From: RockyBalboa	Read Replies (2) of 247

GBP/USD loaded dice. Recovered the knee jerk reaction and could rise on a EUR/GBP reverse. Meaning, it could try to regain 1.96 then march towards 2.00. For now it seems to win the 1.9425 battle. This only works on negative USD sentiment, ie, EUR not reversing course. Some macro news within the U.S would certainly help the case. The carry trade unwinding which contributed to the JPY/GBP recovery nearly tanked the pound but it did not suceed.

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