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Another session of tight ranges looms; get your jobbing hat on

By   || March 14, 2010 at 23:32 GMT
|| 15 comments || Add comment

I still think that we are in a bullish consolidation of the major pairs and that EUR/USD and cable are likely to trade higher over the next few weeks. That said, I certainly would not be jumping in to either at present levels. EUR/USD, in my opinion, is in a 1.3450/1.3850 phase and we should trade the edges with a bullish bias. Cable has, in the short term, slightly more upside potential I think. I’m still long but will look to book profits around 1.5285 and then re-load on dips for the next leg higher.

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Category: All, Asia
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15 Responses to “Another session of tight ranges looms; get your jobbing hat on”

  1. Mark on March 14th, 2010 23:40 GMT

    Good move on Cable Sean, so glad I kept the long positions too, still see more upside yet before the jitteres set in or some real bad press. Have you heard when the elections could be in England.

  2. lilac on March 14th, 2010 23:45 GMT

    6 May for now – same as local elections.

  3. zekelogan on March 14th, 2010 23:51 GMT

    G’Day Sean! Still long USDCAD. I agree with your rest idea ;)

  4. hart on March 14th, 2010 23:52 GMT

    Euro sector equities futures mixed/basically flat.

  5. hart on March 15th, 2010 00:03 GMT

    EUR/USD 138 right on the barrel head Sean

  6. dafx on March 15th, 2010 00:07 GMT

    I agree.
    this week I’wanted to sell EURGBP
    but I’ll wait for that 25b bailout news for greece.

  7. zekelogan on March 15th, 2010 00:25 GMT

    Although rest will = vigorously attacking pints with some good buddies after dinner. Then I’ll probably vigorously attack my pillow.

  8. haniff ashburn on March 15th, 2010 00:28 GMT

    sean

    way to go i am with you and shorting aud and kiwi long gbp and euro.

    from m5-h4 gbp and euro and with gbp/aud and gbp/nzd are all above
    the ichimoku cloud and rising steadilly.

    but heavy cloud on top on the daily and weekly.

  9. Sean Lee on March 15th, 2010 00:41 GMT

    Good luck Haniff, the bounce could be very sharp in GBP/AUD, the trick as always is getting on at the right time.

  10. Sean Lee on March 15th, 2010 00:42 GMT

    Pints of Bacardi is it Zac??

  11. hart on March 15th, 2010 00:45 GMT

    Wellll Lilac GBP& USD getting stronger @ the same time.

  12. lilac on March 15th, 2010 00:48 GMT

    CdM – you should know by now Popey ;)
    Off up the apples ‘n wotsits, good luck ‘n nightie night.

  13. lilac on March 15th, 2010 00:51 GMT

    PS No worries, hart.
    Well not yet ;)

  14. hart on March 15th, 2010 00:58 GMT

    Thank you GMT lady (lilac)

  15. Mark on March 15th, 2010 10:08 GMT

    Those longs of yours not looking so great right now at 5030

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