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: CapitalistHogg™ who wrote (116)	5/2/2007 12:25:00 PM
From: RockyBalboa	Read Replies (1) of 247

yes its difficult not to get lost... The persistent Yen weakness even against the USD baffles me. There, it didn't manage to keep 120 and of course the EURJPY carry trade goes on and on and on. Something tradeable is the Pound. Expect some volatility into the resign of chancellor Blair next week. The safest bet is to short it against EUR (0.6825 GBP / EUR), for a spike towards 0.70 GBP / EUR which the pound regularly does, it did recover a lot from the 0.65s three months ago and the next pivot will be at around 0.685

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