Thursday, February 18, 2010

Feb 19: GBP USD - Travelling to ITD 3 low / MTD 10 low

We did hit ITD 2 high in 10 trading days as per my last post and then reversed sharply as the Fed increased the discount rate by 25 basis point.

Currently we are travelling to ITD 3 low which is due on average Feb 24. This would likely be MTD 10 low as well.

 

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