GBPUSD MAY BE HEADING LOWER. AS TWO PATTERNS IN MY MIND WHICH TARGET 1.2670 AND 1.2550. LOOKING FOR A STRENGTH IN US DOLLAR WHICH MAY PUSH CURRENCIES LOWER !!!
Comment:
LONGTERM OUTLOOK IS BEARISH BUT THIS WEEK IMPORTANT RELAESES OF DATA ON POUND I EXPECT POUND TO RALLY AND LOOK FOR EXHAUTION CANDLE ON HOURLY WHICH MAY BE ENTRY FOR SELL OR 0.618 RETRACE OF THE DOWN MOVE ROUGHLY 1.3416
Comment:
The outlook remains short and the target very much likely this month