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josericaurte.jaen
Jan 30, 2018 7:34 AM

#GBPUSD: Final Roadmap! Target 1.5040, critical support 1.3450 Long

GBP/USDOANDA

Description

OANDA:GBPUSD

Observations
1)The roadmap is clear now. This pullback can push GBP$ as low as 1.33s and still, we are in a good position to add longs.

2)Bank of England may not hike rates, but who cares! TVC:DXY could recover back to 94s and it wouldn't matter as it eventually has to drift lower towards 74s.

3)Any GBP$ weakness translates into a 'load the boat' opportunity. Proxy OANDA:EURGBP sell into any price close to 93s (2017's High) targeting BofAML short bottom in 2018; 83s.

"Never risk the house for pennies."
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