Cypher possibly completing around at 2.1054
TP1 around 2.0826
TP2 around 2.0685
SL around 2.1252
If it drags on (and remains valid) and completes after 1st of the year I'll look at shorting if everything jives.
GBPAUD: 1.8000. Gbp/Aud made it up to 1.8242 last week, but remained well below the 100 DMA at 1.8320 and the SHS neckline at 1.8380 before reversing sharply to keep the SHS formation intact, where the long term target is at around 1.7300. Below the strong rising trend support right here at 1.8000, the interim targets now appear to be at 1.7931 (23 April low) and...
The Dollar Index (DXY), having made a false break to the to topside at the end of last week, has reversed aggressively and is now back below the 200 WMA (79.73) and appears set to test the recent low at 79.26. There is decent support there and again at 79.00-10. However a break of this would head quickly to 78.85 and then to the double bottom at 78.60, below which...