MACRO VIEW: GBPUSD MACRO BREAKDOWN RISK
GPBUSD is risking to enter into a downtrend on quarterly basis, with price falling out of flat lower 1st standard deviation from quarterly (66 day) mean at 1.5390
As long as price trades below the level, risk of further downmove is very high - it can trigger volatility expansion
(marked by 3.2 standard deviations from quarterly mean)
The risk is only cancelled if price traded up to reach its quarterly mean @ 1.5570
As long as price trades below the level, risk of further downmove is very high - it can trigger volatility expansion
(marked by 3.2 standard deviations from quarterly mean)
The risk is only cancelled if price traded up to reach its quarterly mean @ 1.5570
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