AUTOREFRESH 
Cable rallies again, triggers stops
By Gerry Davies || October 15, 2009 at 10:05 GMT
|| 6 comments || Add comment
OK OK, so the bloody middle eastern sellers weren’t so canny this time round.
Cable up, triggers stops above 1.6225 and spikes to 1.6238. Technical resitance now 1.6250/55.
Elsewhere EUR/USD has been down to test aforementioned support at 1.4900/05, presently back up a shade at 1.4915. EUR/GBP has continued lower which will be weighing on EUR/USD, the cross presently down at .9185.
Some feel comments made by BOE’s Fisher in his FT interview possibly signal a pause in QE or maybe even the end of QE. I read the interview twice and certainly didn’t come away with the impression the bank was finished. They might pause, who knows. I thought he was playing his cards very close to his chest. And it should be remembered he’s only one member.
Looking at the weekly chart and implement the Ichi. Looks like tenkan just got hit arround current level.
That thing happenede – Took my profits of EUR/USD & USD/JPY (got a strange feeling today after checking the MACD not in height but lenght (an instant theory of mine)….
What do you mean ALI? I have a feeling hat it’s a setup somehow. Yesterday Jamie mentioned investors being aware of USD/JPY Tenkan. Everyboy expects correctio but I’m not sure yet
I think they will increase QE, and i think they will do it at the next meeting. absolutely no reason for the pound to be flying up.
Yes, a correction may be a high probability – but, I am not sure trying to stay away for myself : feeling is just a feeling nothing more bothers me. watching other opportunities…
Yahoooooooo….return of the Pound! Anyone seen the GBP/CAD? Almost 500 pips in 48 hrs…