One final downleg.. and sigh of relief
코멘트:
Event risk next week as both FED and BOE have meetings. GBP net short position is very large...
코멘트:
The corrective bounce is on as expected. Potential target range 1.26/1.28 before the final downleg takes effect
코멘트:
Next week Yellen testifies plus some important UK eco data. Week of 23 Nov is the UK Budget statement. So 1.26/1.28 before reversal down is most likely scenario
코멘트:
Short term top in this corrective swing higher should come next 1-2 weeks before the final downleg into 1Q17
코멘트:
On time, the first red reversal candles appeared. Next week is FED meeting
코멘트:
Major low forming
코멘트:
Slow bottom forming. Marginal new low still possible but very late in the game. Let's see this month the Article 50 trigger and initial noises. Initial target could be in 1.40/1.45 range. So much upside if correct
