9 days of gains for the GBP, a slight correction after UK inflation pushes bets on an interest hike down, however a few indicators suggest a medium term continuation. A low risk high reward short position.
Description says it all ..... However fear has pushed the JPY stronger today and trust in Trump so offload the pressure valve...if only temperarily. Small climb expected and will cash in at 1.0655-70 level
In a similar trade to one I completed this week, I am seeing a a row of lower highs on this pair. Strong growth numbers in the UK lead me to believe there is morn to come.
A decent GBP run against most majors since the turn of the year. Yesterdays slightly improved growth forecast lead me to believe that there is a little more slack in the GBP.
Looking at the US debt, Japanese debt and the recent slowdown in China I think we are in for a fall in Indices in a big way. I am seeing far to much volatility for these highs to be sustainable. Record highs in FTSE, CAC40 and Nasdaq recently and a current P/E ratio of approx 22x ( basically companies are valued 22 times more on the stock market than their actual...
Monitoring a relatively flat USD for the last 3 weeks. Target 1 - 1.2601 (Initial climb on base of triangle) Target 2 - 1.2709 (Jan highs) Stop loss - 1.2451 low from 2 previous candles
Looking at trends from previous EUR/USD lows. The set up is almost identical to 12 months ago.
small ranges waiting for break out, looking at general highs and lows for the week