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