GBPUSD: Long-term view
After a huge movement where GBP lost almost 6% of it´s value in only 2-3 minutes, I had to review and adjust my targets.
I believe the parity with the US Dollar is just a question of time. Unfortunately, I cannot say on when would that happen but we have a key date of March 2017. By then, we can already trade below parity, specially, if the US Dollar will finally start the long-expected appreciation leg.
For now, my immediate targets would be around 1.17 ish with the ultimate target of 0.71 ish to be areached on a longer term.
I believe the parity with the US Dollar is just a question of time. Unfortunately, I cannot say on when would that happen but we have a key date of March 2017. By then, we can already trade below parity, specially, if the US Dollar will finally start the long-expected appreciation leg.
For now, my immediate targets would be around 1.17 ish with the ultimate target of 0.71 ish to be areached on a longer term.
Transaction en cours:
Cable freefall continues. Looks like 1.17 is very reacheable now!
Please, follow your strategy! Always!
If there is no strategy that has proven itself successful, please do not trade with real money!
If there is no strategy that has proven itself successful, please do not trade with real money!
