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watchout for long
What happens, BXY reach it's support, and i believe that GBP will go up in short time.
await turn over at the demand zone
look for Head and shoulder Pattern on D1
Amid this Brexit shitshow, GBP can see some more downside. Expecting to see some rejection at yearly S1, but general trend since 2008 is still bearish. Expected movements at S1 shown on chart.
Bullish Cypher on BXY 4 hourly
BXY IN UP TREND NOW
While looking at it technically one can see that the GBP is about to experience another blow in the financial market.
Avoiding GBP if possible due to all the uncertainty.
Going to keep a close eye on BXY to hopefully get a sense of direction bias.
GBP Strength/Weakness TBD
After complete corrective wave to fibo 61.8, from this, bxy go down
We expect BXY to go long before dropping again
I Expect BXY wil sideway and after that go down to complete wave 5.