Hello everybody, I decided to go in deep with this pair, due to his high volatility in the 1000+ pips bear move so far.
Few signals that it will go up for 1200+ pips move - IT WILL TAKE TIME!
1. Using the GAN SQUARE, I was able to determine that around every period +-2 days there has always been a reversal - checked last 3 years. At the moment we are at the end of the period.
2. Head and Shoulders pattern on both daily and weekly chart.
3. GBP Index is gaining strenght.
4. JPY Index looks dodgy.
5. Bad Jpy data.
6. 20+ days of downtrend.
7. RSI 14 is on 16 on a daily chart .
8. UK's PM who made the mess is resigning the upcoming week!
Few signals that it will go up for 1200+ pips move - IT WILL TAKE TIME!
1. Using the GAN SQUARE, I was able to determine that around every period +-2 days there has always been a reversal - checked last 3 years. At the moment we are at the end of the period.
2. Head and Shoulders pattern on both daily and weekly chart.
3. GBP Index is gaining strenght.
4. JPY Index looks dodgy.
5. Bad Jpy data.
6. 20+ days of downtrend.
7. RSI 14 is on 16 on a daily chart .
8. UK's PM who made the mess is resigning the upcoming week!