How much lower can GBP get..? Big News Coming..

FX_IDC:GBPUSD   British Pound/U.S. Dollar
632 2 19
  • Wed. -Gbp- Manufacturing prod.
  • Thur.- HUGE DAY for -Gbp- Inflation Report , Monetary Summary & a speech by Carney
  • May 18 - Gbp- Average earnings & Claimant count change
  • May 26 -Gbp- Second estimate GDP Q/Q
  • June 23 UK Referndum vote
Comment: There is 3 pairs in this.
Comment: short article on the deal http://www.thetimes.co.uk/article/carney-prepares-for-rate-cut-if-britain-quits-eu-rk3bt0srn
Comment: Gj & Gu just entered.. waiting on Gn order 2 hit. charts --->
conservatively bought


All conservatively traded
Comment: exited GN with + 250 pips.. still in GJ with HUGE pips & GU, slight drawdown
Comment: exited out of Gbp Jpy with +328 pips.. will be looking to buy again after Jpy current account =) still currently in GU in the green
Comment: Exited GU with + 185 pips. Chart is in the updates
Comment: Great film on Brexit. An entertaining must watch film https://m.youtube.com/watch?v=UTMxfAkxfQ0
Comment: http://www.bloomberg.com/news/articles/2016-05-23/brexit-seems-increasingly-unlikely-to-corporate-debt-investors
Comment: After seeing the article I bought gbp. Bought GJ at 159.4. Bought GN at 2.167 & im waiting till Usd economic news passes later this week to buy GU
Comment: Exited with GJ , 2nd run, +221 pips. I'm looking 4 a minor correction from resistance level to get back in.
Comment: well 210 pip downward move. here's my 3rd run at it. entered at 161.66   =)
Comment: Was up 3% on Gn earlier then it plummets & well don't 4get 2 set SL correct. 3rd run on GJ a failure. I'm trying again as Brexit fears appeared 2 be over. 4th run GJ bought at 160.61
Comment: Reason behind recent GBP drop is New Brexit polls. http://blogs.wsj.com/moneybeat/2016/05/31/sterling-slumps-as-phone-poll-shows-brexit-referendum-getting-tighter/ GBP no longer rising from polls bring that. Eyes open
Comment: looking 2 get back in this as Nzd rate cut is expected. just waiting for a minor pullback
Comment: Rebought all 3 pairs very conservatively. GU at 1.1456 , bought GJ at 156.96, bought GN at 2.093
Comment: Why Brexit Might Not Be A Totally Mad Idea

For the full story:
D-Rod baraq.adnan
I dont wanna break ur legs about it but in the 2 - 3 leg there is a big hill & that's not an official Elliot wave. I don't use it. But hey nice sharing. It can always help my followers see a different view.
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