Recovery goes through multimonth corrective phase before resuming into next Spring
Comment:
Need to adjust the range to 1.38/1.48
Comment:
1.47 seems achievable into March. Just this last week, FED mins mentioned that they have started discussing TAPER which will intensify given my expectations for coninued acceleration in both US GDP and inflation into Spring which should put a floor on the USD from March onwards
Comment:
So far has been forming an elongated base pointing to the levels i have mentioned above. Timingwise, this may happen in June/July, not in Spring
Comment:
Today GBPUSD tagged the multiyear downtrend resistance from Oct 2007 and July 2014
