Today we have a big news about interest rate for pound,market forecast at 5.75% while the previous data is 5.50%.With the vote 5-4 from mpc and surveying by bloomberg,BOE probably hike the rate.technically with the trading base on pivot range,i put a 3days range where i labelling with blue label.The range is about 2.0124 to 2.0148.With the shooting star on daily gu,and opening price below the daily pivot,gu maybe going down,but currently price is above the 3days pivot range,so there have a conflict,The best way waiting for the announcemet from boe at 7pm malaysia time.
My strategy today,waiting actual result from BOE,when the hike rate i would buy pound and my target is 2.0232 at the monthly r1.But if no hike,i prefer selling gu after a breakout 2.0124 and my target around 2.0090.
Posted by
millionaire |
Thursday, July 05, 2007
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gbp/usd today
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