GBPUSD Roadmap Update Sep 2017

Neon tarafından

Güncellendi

More upside

Not

Most likely this implies around 1.22 vs EUR

Not

Consolidation. May speech very important especially if noises are true that she will say something about paying for access to EU market

Not

So far successfully consolidating above 1.345 which are the post BREX Ref spike highs previous summer. Another key level, good to hold

Not

Sharper pullback to 1.335 possible

Not

Retail sails very solid and way above

Not

Cup and Handle potential formation argues for the upper range limit. Let's see first May on Friday

Not

If oil rises as is my base case, this also supports GBP

Not

This intrayear V reversal higher in GBPUSD argues for a 1-2 year retrace higher. Let's see how it goes first

Not

Today is MayDay, so let's see and listen

Not

Best will be to have some consolidation/small pullback to build the base for the next upleg

Not

Pullback in play

Not

Solid bounce off support

Not

Pullback is good so far, needs to establish a base in low 1.30s to attack 1.40

Not

Pound defending as expected the low 1.30s which were the post Brexit ref lows. Let's hope this is the new base established

Not

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

Neon

Feragatname

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