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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: robert b furman who wrote (18279)6/16/2016 10:13:57 AM
From: CrashDavis  Read Replies (1) | Respond to of 33421
 
Bob, ever since the polls began to show an increasing possibility that leave win win the vote, the British pound has declined against just about everything. Shorting GBPJPY and GBPCHF (Swiss) have been quite good, as traders head for safety.



To: robert b furman who wrote (18279)6/16/2016 10:45:33 AM
From: John Pitera  Read Replies (1) | Respond to of 33421
 
Hi Bob,

I reiterate everything that Crash has said....... he is really plugged into what is going on in these key markets...

The pound is has been getting sold against everything.....



here is the 35 year monthly British pound chart.... as you can see it's at the bottom of it's long term range and really should be a good buy if Brexit does not come off.



JP



To: robert b furman who wrote (18279)6/16/2016 10:51:54 AM
From: John Pitera1 Recommendation

Recommended By
roguedolphin

  Respond to of 33421
 
Hi Bob, a really interesting idea.... we will have to see how the investor psychology and the techncials set up as we move right up to the vote!!!>.

( I really like you contrary sentiment trading / point of view.

John