Quote:
Originally Posted by akeakamai
Bernanke's Dollar Bulls following has got the GBP/USD nice and suppressed in the near term.
I put my money where my mouth is and shorted GBP/JPY at 210.00. It's a divergence play for me now. Intermarket divergence with the US stock indexes, and a stochastics divergence on the 4h. I have a small stop of 70pips, but am aiming for much much more than that. I'll still watch to see if it can break through 209.00 again after holding above it for a few days.
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So far that ain't happenin'! She does not want to go down, even for a retracement, even though cable fell again overnight. Stubborn little wench. Would be so much nicer buying at a lower price
I closed my shorts this morning.