GCGoldenCircle

Bears need to close gap 1.2000

FX:GBPUSD   British Pound / U.S. Dollar
Orders got open both buyers and sellers
Gbpusd needs to see a close above 1.21500 zone to up again towards 1.22-1.22200

Today's sellers want 1.200
Where before touching it it upped and kicked out holders

Gbpusd made a low1.17581)& it seems to consolidate it from 19000 flat we know gbpusd now at 1.2100-1.20500 is cheap price due to inflation. Let's not forget Brexit which is quiet as a mole. I think recession fears will up price and once it's in 1.26 people will join n once we reach 1.300 they will get trapped. This only happens with the break of 1.23

At sellers view their money is tightly managed by 1.3200/1.34-1.34700
Remember buyers never had the strength to push higher leading to this initial downward slump. I suggest we in a big range but confined by a triangle monthly
(Sellers need to get price below 1.18000 to keep bearish view)


If this is the scenario USD will have to dump(127/124.100)a bit but again it's temporary usdjpy shows 116.00 as balance so that means longer term it can up to 144./145/157 maybe even 170/180 final extension stretch

This is to curve inflation which they never. Numbers just make everything look better, especially when they say they reached intial target to sooth inflation

Once gold reaches its lowest maybe 1281/1190
As floor everything against USD shall Up making gbpusd see 1.50 eventually after a few years once it can finish the move towards 1.10/1.0590

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