How long can the GBPUSD fall for?
Results 1 to 9 of 9
  1. #1
    Join Date
    Jun 2016
    Posts
    44

    Default How long can the GBPUSD fall for?

    Upon the brexit a lot of experts predicted that the GBP would weaken in the short term, but in the long term how do we see it moving?

    There's a lot of uncertainty in the UK at the moment mainly with the decision making in parliament as it's a mess and this same government have to negotiate the terms of exiting the EU, so I can understand why the GBP is falling, but do we expect it to continue to fall? Even once a PM has been elected? I can imagine once they actually trigger article 50, that would cause the GBP to fall again.

    I'm looking for a long entry point and would love to hear your comments.

    Lewis

  2. #2
    Join Date
    Oct 2016
    Location
    Devon, UK
    Posts
    274
    I hope you sat on your hands Lewis.

  3. #3
    Join Date
    Jan 2016
    Location
    Frankfurt - Germany
    Posts
    1,053
    looking for a long on gbp is like looking into a gun. u sure ud like to pull that trigger?

    if you truly want to go ling on gbp it would take you waiting of few years. at least 4 years before you can think of a long position.
    the only exception isif UK makes another referendumamd decides to stay in EU. then the gbp got a potential for a 20% rise within a very short time frame.

  4. #4
    Join Date
    Apr 2008
    Location
    Chicago Illinois
    Posts
    1,881
    I hope you didnt get long yet, you should be able to start scaling in soon maybe, but I am looking for 110.00 or even 108.00 for final new low before reversal.

  5. #5
    Join Date
    Apr 2008
    Location
    Chicago Illinois
    Posts
    1,881

    Default dont overlook this or not understand its value

    Forex Trades @ Forex Factory

    continuation down.

  6. #6
    Join Date
    Oct 2016
    Location
    Uganda
    Posts
    13
    If you are looking for a long trade on the cable, then let it be on a short term trade especially after news announcements.if you analyse weekly COT reports more traders are going short than long. In the long term I am seeing the Cable reaching parity levels with the Greenback by March

  7. #7
    Join Date
    Mar 2016
    Location
    Miami
    Posts
    4
    Julius,

    Thanks for your insight but what does COT mean?

  8. #8
    Join Date
    Apr 2016
    Posts
    7
    With Trump being elected, the USD is likely to get stronger, I would look to short GBP/USD. But check the price action.

  9. #9
    Join Date
    Oct 2015
    Posts
    227
    The GBPUSD continue to bearish right after the announcement of UK retails sales report which fell to the worst in its past five years.

Forum Sponsors

Similar Threads

  1. How long with the US Dollar hold on for?
    By Vantage FX Analyst in forum The Analyst Arena
    Replies: 0
    Last Post: 02-15-2015, 06:46 PM
  2. For how long can we buy USD?
    By PatrickFX in forum EURUSD
    Replies: 1
    Last Post: 11-11-2014, 02:10 PM
  3. EUR/USD: How far can the Euro fall?
    By JGold in forum Forextown
    Replies: 5
    Last Post: 08-28-2014, 03:41 AM
  4. EUR/USD: How far can the Euro fall?
    By JGold in forum Newbie Island
    Replies: 0
    Last Post: 08-27-2014, 08:43 AM
  5. How Long Can the Carry Trade Last
    By DailyFx in forum The Analyst Arena
    Replies: 0
    Last Post: 04-17-2007, 03:10 PM

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
"It's not the size of the dog in the fight, it's the size of the fight in the dog."
Mark Twain