GBPUSD Roadmap Update Sep 2017
已更新
More upside
註釋
Most likely this implies around 1.22 vs EUR註釋
Consolidation. May speech very important especially if noises are true that she will say something about paying for access to EU market註釋
So far successfully consolidating above 1.345 which are the post BREX Ref spike highs previous summer. Another key level, good to hold註釋
Sharper pullback to 1.335 possible註釋
Retail sails very solid and way above註釋
Cup and Handle potential formation argues for the upper range limit. Let's see first May on Friday註釋
If oil rises as is my base case, this also supports GBP註釋
This intrayear V reversal higher in GBPUSD argues for a 1-2 year retrace higher. Let's see how it goes first註釋
Today is MayDay, so let's see and listen註釋
Best will be to have some consolidation/small pullback to build the base for the next upleg註釋
Pullback in play註釋
Solid bounce off support註釋
Pullback is good so far, needs to establish a base in low 1.30s to attack 1.40註釋
Pound defending as expected the low 1.30s which were the post Brexit ref lows. Let's hope this is the new base established註釋
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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