GBPUSD Roadmap Update Sep 2017
تم تحديثه
More upside
ملاحظة
Most likely this implies around 1.22 vs EURملاحظة
Consolidation. May speech very important especially if noises are true that she will say something about paying for access to EU marketملاحظة
So far successfully consolidating above 1.345 which are the post BREX Ref spike highs previous summer. Another key level, good to holdملاحظة
Sharper pullback to 1.335 possibleملاحظة
Retail sails very solid and way aboveملاحظة
Cup and Handle potential formation argues for the upper range limit. Let's see first May on Fridayملاحظة
If oil rises as is my base case, this also supports GBPملاحظة
This intrayear V reversal higher in GBPUSD argues for a 1-2 year retrace higher. Let's see how it goes firstملاحظة
Today is MayDay, so let's see and listenملاحظة
Best will be to have some consolidation/small pullback to build the base for the next uplegملاحظة
Pullback in playملاحظة
Solid bounce off supportملاحظة
Pullback is good so far, needs to establish a base in low 1.30s to attack 1.40ملاحظة
Pound defending as expected the low 1.30s which were the post Brexit ref lows. Let's hope this is the new base establishedملاحظة
It does look more and more like base building for the next upleg. Attack or even bear trap at around 1.30 still cannot be excluded but so far quite constructive
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