19/2/2012 From Business Insider: Soros continuing to attack Yen and Sterling

February 20, 2013

forex, FX Trading, FXTrader Paul, Trading

As mentioned in these two previous posts both the Yen and Sterling are under attack and George Soros (and other fund managers) have been filing their boots with shorting these two currencies.

You can see from my previous post on shorting sterling what lovely runs there’s been to south side on Cable (and other GBP crosses) and now Business Insider have picked up on a piece in this last weekends FT regarding currency positioning.

http://www.businessinsider.com/soros-profiting-from-decline-in-pound-yen-2013-2

If you take a look at the attached chart you’ll see that despite some strong pullbacks (perhaps people might call them failed reversals) price has continued to just grind its way south.

 

20130219 gbpusd 4hourly slide

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About FXTraderPaul

A professional Trader and Coach, FXTraderPaul blogs about his adventures from the front-lines of FX Trading. A Trader and educator who can walk the walk as opposed to merely talk the talk!

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3 Comments on “19/2/2012 From Business Insider: Soros continuing to attack Yen and Sterling”

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