Retrace to the daily high at USA open — Rishi postponed budget by two weeks, the adjusted timeframe will give the figures they use some better data (eg from the past 2 days of £/Gilts) so things will look slightly better = positive for £.
1.16 psychological number taken out today, expecting a little retrace down with a bit of range playing for the rest of the week - it's Wednesday, weekly candle has formed, can't expect it to go much further upwards, same said for monthly candle, not expecting a big move up beyond 1.17 unless some exceptional news is out.
1.16 psychological number taken out today, expecting a little retrace down with a bit of range playing for the rest of the week - it's Wednesday, weekly candle has formed, can't expect it to go much further upwards, same said for monthly candle, not expecting a big move up beyond 1.17 unless some exceptional news is out.
Comment:
2hours out from predicted retrace to 1.16