BRITISH POUND VS SOUTH AFRICAN RAND

BRITISH POUND / SOUTH AFRICAN RAND (FX_IDC:GBPZAR)

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FX_IDC:GBPZAR BRITISH POUND / SOUTH AFRICAN RAND

trendanalysis harmonicpatterns chartpattern gbpzar gartlypattern

Posting because at the moment, being South African, one of my favourites technically. Given the sad current bad state of affairs with corruption within South Africa, being recently Grey listed, the current almost collapse of Energy (Electricity) with Eskom in almost collapse whereby the country is facing daily energy cuts of up to 6-8 hours a day. How will this Gartley play out? Supposedly a Bearish Garltley. Realistically, looking at a bounce at the 0.5 fib. And noticably the Trend line to the upside has not yet to be broken.

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Still in trend to the upside. Gartley respected thus far!

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