Institutional Bank Style Trading: Balance Point Trading is how the banking institutions and large retail investors make their money. This is how we as well are going to make ours. Welcome to Titan's PipWorld...
Date: Thur, Dec 27th 2007
Time: 8:48am New York Time
Comments: I hope some of you were able to ride GbpJpy and/or Cable (GbpUsd) for a few pips up. GbpJpy hit a nice resistance level of 228.36 and simply fell back 100 pips thus far as well as Cable has slightly pulled back from it's high.
Currency Outlook: Even though EurUsd has managed to work its way higher along with Cable, it is still over-priced with a tru-value sitting around 1.3400. So, its going to be a while before EurUsd reaches that price level and something to consider for the long term investor.
Titan