Wh is it that the gbp/jpy carry traders insist on keeping this pair up in a higher trading range that being between 212.00 to almost 214.00?
I would love to hear anyones thoughts on this? I would think that eventually we will see a nice pullback or string retracement of this crazy move upward which was spawn by the rediculous rally on equities.
Thoughts anyone?
Eric
Thoughts anyone?
Eric
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Replies to This Discussion
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Permalink Reply by Adam Horak on -
remember this is the pull back or retracement form the (crazy) move lower from the highs around 7/18/07 of 250.00 this is only testing the 38% Fibonacci retracement level from those highs... there could still be a long way back up if traders apatite for risk increase with falling oil prices and an equities rally...
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