The pound hit my 1.45 target – and then some

John C Burford said the pound would get interesting. But as it turned out, even that was an understatement.

On Wednesday, I covered how I am playing the GBP/USD trades and set myself an initial target at the 1.45 area. I wrote: "That brings up the possibility that the current bounce could extend much further than my initial 1.45 target."

I also left you with this cryptic line: "This could get interesting!"

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John is is a British-born lapsed PhD physicist, who previously worked for Nasa on the Mars exploration team. He is a former commodity trading advisor with the US Commodities Futures Trading Commission, and worked in a boutique futures house in California in the 1980s.

 

He was a partner in one of the first futures newsletter advisory services, based in Washington DC, specialising in pork bellies and currencies. John is primarily a chart-reading trader, having cut his trading teeth in the days before PCs.

 

As well as his work in the financial world, he has launched, run and sold several 'real' businesses producing 'real' products.