GBPUSD Roadmap Oct 2016

FX:GBPUSD   British Pound / U.S. Dollar
134 0 5
One final downleg.. and sigh of relief
Comment: Event risk next week as both FED and BOE have meetings. GBP net short position is very large...
Comment: The corrective bounce is on as expected. Potential target range 1.26/1.28 before the final downleg takes effect
Comment: Next week Yellen testifies plus some important UK eco data. Week of 23 Nov is the UK Budget statement. So 1.26/1.28 before reversal down is most likely scenario
Comment: Short term top in this corrective swing higher should come next 1-2 weeks before the final downleg into 1Q17
Comment: On time, the first red reversal candles appeared. Next week is FED meeting
Comment: Major low forming
Comment: Slow bottom forming. Marginal new low still possible but very late in the game. Let's see this month the Article 50 trigger and initial noises. Initial target could be in 1.40/1.45 range. So much upside if correct
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out