This is likely drop to 132.50, on it's way to 110.00!
It's already wicking here, like crazy!!
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SHORT Target: 135.50
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2nd chance to get on board -> SHORT!
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An absolutely massive SHORT!!
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Don't be fooled! This is still the most devastating SHORT of the decade among the G10!! (Eventually going to par!) - And it starts right about here!!
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Of course you have been SHORT here for quite some time now but... ... here is a 2nd chance for an (re)Entry.
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The Premier Trade for the next Full Cycle of investments!! This in an abject, devastating SHORT as far as the eye can see. Which stands the reason as, while Japan still maintains a healthy Account Surplus, the UK have managed to inflate the BoE's balance sheet to the tune of 120% of GDP. E.g. Ride this like a rented mule until it prints 115.00 - at least!!
What do you think about my analysis: