The time series interest rate differentials based-currency band indicates for GBP-pegged pairs (GBPUSD, GBPCHF, GBPJPY and GBPEUR) still under pressure to their new lower ceilings and the actual turning to upward/bullish not established yet. At such, daily and interdays bullish tend to be "temporary" by the price adjustment. At such, the EURGBP not assured yet to turn to downward/bearish (GBPEUR bullish) at 0.9000 until those pairs collectively turned to upward/bullish.
Long trade on GBPUSD, GBPCHF, GBPJPY and short trade on EURGBP recommendable only after they are collectively turned to avoid possible risk on stop losses. The collective turning at new lower ceilings not expected in the near due to AUD-pegged pairs are being bullish in short term as well as NZD-pegged pairs and at the same time CAD-pegged pairs are being in the process of turning from their upper ceilings to downward/bearish.
The short trade in short term for CAD-pegged pairs (CADUSD, CADCHF, CADJPY and CADEUR, or long trade on EURCAD) likely will be first initiated before the long trade in short term for GBP-pegged pairs (GBPUSD, GBPCHF, GBPJPY and GBPEUR, or short trade on EURGBP). This however is subject to the actual performance on the establishment of the turning interior their time series interest rate differentials based currency band. Thus, the current short term trade still for AUD and NZD-pegged pairs.
Long trade on GBPUSD, GBPCHF, GBPJPY and short trade on EURGBP will be posted after complete turning established at lower ceiling to avoid risk for stop losses. Stay tune.
Long trade on GBPUSD, GBPCHF, GBPJPY and short trade on EURGBP recommendable only after they are collectively turned to avoid possible risk on stop losses. The collective turning at new lower ceilings not expected in the near due to AUD-pegged pairs are being bullish in short term as well as NZD-pegged pairs and at the same time CAD-pegged pairs are being in the process of turning from their upper ceilings to downward/bearish.
The short trade in short term for CAD-pegged pairs (CADUSD, CADCHF, CADJPY and CADEUR, or long trade on EURCAD) likely will be first initiated before the long trade in short term for GBP-pegged pairs (GBPUSD, GBPCHF, GBPJPY and GBPEUR, or short trade on EURGBP). This however is subject to the actual performance on the establishment of the turning interior their time series interest rate differentials based currency band. Thus, the current short term trade still for AUD and NZD-pegged pairs.
Long trade on GBPUSD, GBPCHF, GBPJPY and short trade on EURGBP will be posted after complete turning established at lower ceiling to avoid risk for stop losses. Stay tune.