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The pound has a little further to climb versus the dollar.
This week ahead will be all about correcting the dollars price from most recent FOMC before continuing its ascent into greater bullish zones. With most recent fundamentals strengthening the Dollar, we have to look at our other pairs and take advantage of the confluences and circumstance.
BUY @ 1.2472
So our Fibonacci Retracement suggests that the pairs next leg would indeed be bearish to our -0.27 Fib
then correct and continue the downtrend commenced in may this year. We were rejected on this major
support line towards the end of November and corrected to our 38.2 Fib but with price being rejected here also,
is readily approaching the Major Support level...