Posts: 1,036 since May 2012
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Hi,
Im not a fundamental trader so I can't comment about what the Government will or wont do in relation to Japan. Fundamentals really dont impact my trading. But I do also have a longer term bearish bias on the Pound. From a technical perspective the longer term trend is down, we had a nice upwards channel (bear flag) from the beginning of March to the beginning of May, and we've since broken out of the channel to the downside.
I think there may be a little more upside as the market possibly tests the channel breakout, but then I think the larger downtrend will continue.
Just my 2c.
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