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