Gbplong
Long Term Buy GBP/NZDWith NZD still struggling to make any consistent good data and CPI expected to fall again this week we expect to see a huge relief rally on this downside against the GBP. This is a longer term trade and will probably last for a few weeks so trading it at smaller lot sizes to accommodate the large stop loss is wise...also take into consideration the difference in interest rates and the charges you will incure to hold this trade over long periods of time Learn to trad like a pro HTTP://BANKONADAM.COM
Long term Analysis on GBPFor the first time this year the C.O.T. report is showing long positions are higher than shorts amongst non commercial traders. This is a clear sign that long term sentiment is changing.. Although we are likely to see the 15000 level tested again and a possible dip towards the 14600 support it is time to start thinking about long term buy positions with large targets for the rate increase next year. WE SHOULD ALSO BE LOOKING AT THE gbp/jpy AT THE MOMENT Learn more about how I trade boafx.com