Liquidity building
Impulse expected to the upside or the downside but may see price range for a bit before we get the move
Still a weekly BC that has not yet been mitigated with IPA to fill - this is the next structural area i see getting hit at some point
We may hit it and then explode to the upside on the way to creating new highs or we may not
Can only go...
I see GBPUSD personally reaching around 1.12000 before either taking out the low created in 85 or starting to reverse and the GBPUSD getting stronger. This correlates with the DXY and my expectations of the dollar getting slightly stronger before falling in value. The dollar is currently insanely inflated and should be getting weaker.
Just goes to show that...