its look like GBP got weaken because or the inflation reached 0.3% from last week at 0%. thats make GBPUSD has a change to open SHORT until it reach its strong support area at 1.49878-1.49506.
In major trend GBPUSD still in sideways trend
Its seems that shooting star reversal pattern has arrived but the momentum still show a very strong bullish signal.
by its fundamental USD stronger than NZD, but i think USD bull still give a chance for NZD to make a higher next week until it will return to the bearish trend that has to be
I think the reason is why SPX to many gain in this week is the Apple (AAPL) big gain, SPX can reach a new high but rationally it should be a correction to its fair price at 2055-2020.
In other side the safe heaven which is Gold like XAUUSD has met its support line and has a potention of rebound, that can be a signal for investor to move their money to the safe heaven
I Remain a SHORT for OIL WTI with target price at 46 if it can break down its sideways trend since last week, in other view, GOLD XAUUSD has met its support line and has a chance for rebound that can be a SHORT signal in OIL
I Remain Short to XAUUSD next week because of the stock market closed in a big gain last friday and OIL Price get higher since 2 weeks, investor could put their money to stock market.
I take 1167.39 for the colsest target TP