One final downleg.. and sigh of relief
הערה:
Event risk next week as both FED and BOE have meetings. GBP net short position is very large...
הערה:
The corrective bounce is on as expected. Potential target range 1.26/1.28 before the final downleg takes effect
הערה:
Next week Yellen testifies plus some important UK eco data. Week of 23 Nov is the UK Budget statement. So 1.26/1.28 before reversal down is most likely scenario
הערה:
Short term top in this corrective swing higher should come next 1-2 weeks before the final downleg into 1Q17
הערה:
On time, the first red reversal candles appeared. Next week is FED meeting
הערה:
Major low forming
הערה:
Slow bottom forming. Marginal new low still possible but very late in the game. Let's see this month the Article 50 trigger and initial noises. Initial target could be in 1.40/1.45 range. So much upside if correct
