Sterling... something Carney might not want to have. But having said no to more QE
, the Bulls are back in power. This trade is in continuation to my previous analysis on GBPUSD
, which pointed to a Bull
run (despite when price hit 1.48 something). This analysis makes use of 'Measured Moves' and Pitchfork
Either, Bernanke will ensure the Greenback takes over the reigns or perhaps a string of weak economic data could give the much needed push down to the Sterling.
Whatever the methods, its quite clear that 1.558/1.56 IS likely going to be the top.