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Neon
May 17, 2017 10:10 AM

GBPUSD Roadmap Update May 2017 

British Pound/U.S. DollarFXCM

Description

Important week/month ahead

Comment

Resistance turning into support. Good, good

Comment

1.30 reclaimed today. Painful unwind for shorts

Comment

First weekly close above 55 wma since summer 2014. Significant and need to hold next week.

Comment

I am thinking 1.324 should be achiavable

Comment

Starting key month with key date June 8 elections

Comment

UK elections turn out to be adverse, therefore this needs to be adjusted to 1.35 into late 2017/early 2018
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