Oct 232008
 

This is a brief update. I acknowledge it is silly to project the pattern that the market will trace. If I were to do some wishful thinking, then it will be an ending diagonal triangle like what is shown on the chart. Take care. Ramki

  No Responses to “Still think we should buy STG around 1.5850”

  1. Hi Mr.Ramki,

    I have been following your trading call since last 3 months. It is really interesting. I appreciate all your good analysis works in FX.

    I got locked in sterling (long) at 1.67, do you expect GBP to bounce back towards that levels or should I cut it at current market level itself.

    I need your view on GBP from here…. now GBP s trading around 1.55 after touching a low of 1.5257

    thanks & regards

    Krishna

  2. Hi
    I’m sorry to hear that you are caught long in Sterling. I think that we will run into some selling at 1.5740 initially and if, by some lucky chance, we recover to 1.5850 levels, that will find a lot more fresh sellers. For it to go back to 1.67 will now take a long time, unless the Bank of England intervenes. Ramki

  3. Hi Ramki,

    Thank you for your reply.

    I will wait for your more analysis report on FX.

    Thanks & regards

    Krishna

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