a. 1.3850 to 1.40 marks a zone that was the floor for prices in 2016.
b. Cycles of 60 Days has been a consistent predictor the past year, we are in the cycle peak zone.
c. The RSI is at extremes and previously at this level (see Oct-16) GBPUSD pulled back 3%.
b. Cycles of 60 Days has been a consistent predictor the past year, we are in the cycle peak zone.
c. The RSI is at extremes and previously at this level (see Oct-16) GBPUSD pulled back 3%.