Here we are tracking EURGBP as the short-lived optimism turned bitter. Risks are skewed to the topside until damage from Brexit is fully addressed, with last weeks 'progress' quickly revised all hinges on the Queens Speech next.
Those following will know I have been of the view that brexit will have a pervasive impact on the UK economy. Since the BOE rate differential floor in Q119.
With the fundamentals widely covered in previous posts (particularly GBPUSD and GBPJPY for those wanting to dig into the archives)...This was a textbook 5 wave sequence and we traded many opportunities inside this swing live here:
Any Pound strength should be faded in ALL crosses; regardless of any deal the UK is not immune to a short-term loss in market access. The comments below are open for all to jump in to the conversation and further the opportunity for all. For the latest chart; eyes on a impulsive move very similar in nature to the beginning of 2019 with targets at 0.970x ... in the scenario of a flash crash it will open the door for 0.99x and 1.00x extensions.
Thanks for keeping the likes coming, all the best.
Those following will know I have been of the view that brexit will have a pervasive impact on the UK economy. Since the BOE rate differential floor in Q119.
With the fundamentals widely covered in previous posts (particularly GBPUSD and GBPJPY for those wanting to dig into the archives)...This was a textbook 5 wave sequence and we traded many opportunities inside this swing live here:
Any Pound strength should be faded in ALL crosses; regardless of any deal the UK is not immune to a short-term loss in market access. The comments below are open for all to jump in to the conversation and further the opportunity for all. For the latest chart; eyes on a impulsive move very similar in nature to the beginning of 2019 with targets at 0.970x ... in the scenario of a flash crash it will open the door for 0.99x and 1.00x extensions.
Thanks for keeping the likes coming, all the best.
