GBP NZD Long Term

[Edwood]

Hi Dumbass - got to your .382 - you in now or waiting? I'm wary of global indices continuing on higher and sucking GBP-NZD along for the ride so holding off for the moment

[dumbass]

hi ed , this could be in for a good move south now as it counts best as third wave of a 3/C

had courage of my convictions and shorted after that double top , good result so far.

[Edwood]

reckon we could be looking at the move getting some traction now dumbass

coming back to the original question raised by AJ, here's a weekly view across 5 years. Potentially we're looking for a move now to the upper parallel of the main descending pitchfork (green). Has retested & found support at the median line, and has a clear path upward now within the ascending orange pf, initial target 2.44 area, the intersection with the blue pf.
Also we have a higher low which has been retested - now we just need sterling to grow some cojones!!

I'm long sterling now fwiw

Ed

[jennym]

it is looking really rubbishy now. we are close to the all time low(gbp/nzd, high for nzd/gbp) again. i am sick of it.

[ENP]

Now seems like the time to buy some GBP ? Am I wrong?

[Steve]

Now seems like the time to buy some GBP ? Am I wrong?

There is some suggestion that the next set of economic data out of the UK may surprise to the upside, but it still won't be pretty. It may be enough to give the unloved GBP a boost though...

[Valuegrowth]

http://www.poundsterlinglive.com/aud...-aud-nzd-53545
Australian and NZ Dollar Forecasts Against the Pound (GBP) and US Dollar

[ratkin]

Looking through this thread, everyone couldnt have got it more wrong

[Valuegrowth]

In the short run there could be some pressure on GBP and some volatility in it. It should bounce back when the dust settles and should appreciate against NZD.

https://www.tvnz.co.nz/one-news/new-...says-no-europe

[smpl]

Agree. The opportunity was when GBPNZD cracked 1.77 (over 56c for the NZDGBP thinkers) and it's unlikely to crack that with NZD strength.. For NZD, the best ratio of upside to downside for exposure to those currencies is in the Euro. If you have HKD or SGD then that's a difference story.

[Beagle]

We're up 22% against the pound since the start of the year, just over 56p and very close to an all time high. I think the outlook for the pound remains very weak with Brexit concerns.

I am looking for 60p over the next few months.

[winner69]

We're up 22% against the pound since the start of the year, just over 56p and very close to an all time high. I think the outlook for the pound remains very weak with Brexit concerns.

I am looking for 60p over the next few months.

Last September a dinner in London was converted at 38 something

Always time holidays wrong

But starting to put some GBP on those Cash Passport thingies (probably a stupid way to buy holiday money?)

[Beagle]

Last September a dinner in London was converted at 38 something

Always time holidays wrong

But starting to put some GBP on those Cash Passport thingies (probably a stupid way to buy holiday money?)

I seem to always get currency wrong to.

Wow Sterling has made quite something of a comeback...I guess I can kiss goodbye to any chance of me being a successful currency trader !

Was thinking in the back of my mind about the vague possibility of parallel importing a later model Euro car if we got to 60p. I think the correction back down has probably saved me from any temptation and saved a lot of money, decent silver lining in that cloud

[Valuegrowth]

https://www.poundsterlinglive.com/nz...at-8-month-low

Pound Pushes Fresh8-Month High Against New Zealand Dollar

[ynot]

There has to be the possibility of the Pound over correcting if May pulls of the no deal brexit. What do you think ?