GBPUSD in trouble: GU seeking 1.27000 ?
More Brexit news about infighting in PM May's cabinet caused a sudden spike down.
The spike stopped at massive support, but did not bounce much.
Once that support breaks, it should be a quick trip below.
I do expect some kind of bounce for the wave (4) before continuation down.
OR, the Brexit news could have been wrong, or may get overridden by positive news.
But unless there is some positive news within the next week or so, I think it will drop.
The spike stopped at massive support, but did not bounce much.
Once that support breaks, it should be a quick trip below.
I do expect some kind of bounce for the wave (4) before continuation down.
OR, the Brexit news could have been wrong, or may get overridden by positive news.
But unless there is some positive news within the next week or so, I think it will drop.
Comment:
Almost at Target, 1.2700.
Looks like it will overextend to the 4.236 just below my green zone
Comment:
Target hit, price has paused. Looks like it might actually bounce a little
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