Triggering the Article 50 was bullish for the pound as I expected. Three long red candles appear last week and we are now seeing a retracement. Indeed the pair reached the 1.618 level of the first impulse and we might expect a retracement to the 0.382 level of the second impulse. The pair also challenged the 200 EMA and it might pierce it soon.
Best level for the...
The US will be the safe haven of EU weakness.
The dollar index has gone up Friday and this might continue !
I see a nice pullback to the 1.12000 level which is the daily 200 EMA but also one big Monthly 0.382 Fib Retracement. The RSI could reach the 50 level again before plummeting.
If the pullback doesn't occur we might short on a correction wave !
As you know the Yen has been one of the haven for the Brexit !
This is why trading this currency against the main actor of the Brexit might be a nice trade !
If UK remains in the EU Thursday this pair is reaching 200 in one month !
Be ready !
With the last Oil rally AUD is doing a great job against the dollar.
Oil might correct to the 50 dollars level and continue its rally !
I see a nice pull back at the 0.74 level on this graph ! RSI and Awesome Oscillator are confirming this trade !
In my opinion UK is staying the EU and this means the Bear wil be ready to show himself ! Polls are indicating a Brexit, Bookmakers are confirming that UK is staying !
I'm not a medium but with some sense british citizen will realize that there are better reasons to stay in the EU !
With the speculation that they are leaving I see the EUR/GBP reach 0.79000 !...
The rate hike postponed we might see the dollar gaining in September ! In this time of uncertainty with the Brexit money must be invest wisely !
GOLD will be the haven !
WATCH THE PULLBACK ! KEEP THE EYE ON THE FIB RETRACEMENT !
POSITION BETWEEN 1234 and 1235 !
As posted before a potential Elliot Wave was taking place with the price retracing to 0.618;
However the trend is not moving like I supposed and as you can see a bullish shark seems to take place on this one !