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AlanCollins
Alan Collins from 3c Analysis explains the technical signals pointing towards continued selling pressure in GBPUSD. With the 13 day moving average having been breached on the downside and the dollar index at a near 11-year high, Alan foresees further downward momentum.
Article / 12 November 2012 at 6:05 GMT

Model Shorts EURJPY and GBPUSD

Head of FX Strategy / Saxo Bank
Denmark

The FX Trend Snagger Model goes short EURJPY and GBPUSD - more details to follow shortly. These signals were received "on close" on Friday as indicated in Friday's update, we merely waited until Monday's quiet to look at trading the positions. As we are posting GBPUSD is trading just above 1.5900 and EURJPY is around 101.15.

The position size will be 106k GBPUSD and 90k EURJPY based on a model account size of Euro 100,000.

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