GBPUSD Roadmap Oct 2016

25 Eki 2016

One final downleg.. and sigh of relief

28 Eki 2016

Not

Event risk next week as both FED and BOE have meetings. GBP net short position is very large...

4 Kas 2016

Not

The corrective bounce is on as expected. Potential target range 1.26/1.28 before the final downleg takes effect

12 Kas 2016

Not

Next week Yellen testifies plus some important UK eco data. Week of 23 Nov is the UK Budget statement. So 1.26/1.28 before reversal down is most likely scenario

2 Ara 2016

Not

Short term top in this corrective swing higher should come next 1-2 weeks before the final downleg into 1Q17

7 Ara 2016

Not

On time, the first red reversal candles appeared. Next week is FED meeting

11 Oca 2017

Not

Major low forming

5 Mar 2017

Not

Slow bottom forming. Marginal new low still possible but very late in the game. Let's see this month the Article 50 trigger and initial noises. Initial target could be in 1.40/1.45 range. So much upside if correct