by Ramki | May 27, 2009 | GBP
Medium-term outlook on Sterling Pound Back in March, when Sterling was trading around 1.4450, I wrote in the FX Trader magazine, and reproduced in Elliott Wave Magic, that we are likely to see the currency approach 1.6170. The currency has today reached a high of...
by Ramki | Dec 4, 2008 | GBP
The Sterling Yen cross has been a big mover in recent weeks, because not only the Pound got thrashed, but the Yen also strengthened simultaneously. Naturally, traders hop on board any trend that is clear! Here is you chart on Sterling Yen (GBP/JPY) with Elliot wave...
by Ramki | Nov 24, 2008 | GBP
Whenever a currency or commodity or stock moves rapidly and too far, it sets itself up for a period of consolidation. As you are aware, Sterling has dropped like a stone from its peak, and after reaching its medium-term target of around 1.4570 (discussed earlier in...
by Ramki | Nov 19, 2008 | GBP
Today’s headlines read the Bank of England were considering whether BPthey should cut the base rates by more than two points on November 6, but settled for a 1.5% cut so that they would have room to cut later on, and bolster confidence. Why is the Pound gaining ground...
by Ramki | Nov 14, 2008 | GBP
Just a quick post to record the fact that the Sterling Pound has met its larger objective near 1.4570 last night and bounced sharply. (refer this post that says stay short in sterling for now). It has been a very tough week for most traders and most are licking their...
by Ramki | Nov 13, 2008 | GBP
By now you would have realized that what this blog is attempting to do is to give you a sense of direction, and also highlighting pressure points. The most recent example of the value of some of the charts I post here is the call on Sterling yesterday. Take a look....
