Nov 16, 2004

Sterling! Cable! Pound!

Posted by Hello

The dollar is finally getting a feeble bounce but I continue to believe shorting GBP/JPY is a better trade for the long run. I think it will break the support around 194 shortly and test the Mar lows after that. The world's growth is going to be centered in Asia and British interest rates are peaking. These factors could make this trade even more attractive than USD shorts.

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