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