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Old 20-07-2005, 21:34   #3
forbesmr
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Re: GBP/USD Option Barrier

Quote:
Originally Posted by RealFX
Does anyone else think sterling has been acting funny today? Could there be barriers being protected near the 7250 area?

It's more than just the sterling. The USD suffered a complete meltdown, all on the news that the Fed will continue to raise rates, and the Bank of England is probably going to cut them in Aug.

Ummm, I don't quite understand the price action today. I'm still staring at my screens in bewilderment.

I think I need to go have a few beers. At least I didn't lose any money. I did give back $3K in profit, though. Which, is probably worse, I think, at least psychologically.
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