GBPUSD Roadmap March 2017
מעודכן
Prepare for landing..and relaunch
הערה
And we start with budget statement today..String of events over next few weeksהערה
Interesting that this could be essentially a double bottom/marginal new low 6 months apart from Oct 2016הערה
OK, so we have NFP tomorrow, FED meeting on 15 and G20 meeting the weekend of 18. So critical period this March 10-20 for FXהערה
Good so far, seems selling is abating. Next week ultracriticalהערה
Large build in net short spec positionהערה
OK, so we getting there. It could be sell the rumour, buy the fact event once the process Article 50 has been filed and the process started. Monitor carefullyהערה
It does seem Article 50 will be filed last week of March, tomorrow is FED, Thursday could be US proposed budget, and this weekend G20. So not much left for final climax which in any way should be limitedהערה
Based on Big Picture ED, GBP should be able to retrace 50% of the decline from 2014 which is around 1.45 by later this year/early next yearהערה
Dovish FED , BOE in minsהערה
OK, one marginal move to hawkishness via one member. Train is in motion...הערה
All time high net speculative short position..another piece in the puzzleהערה
Article 50 to be triggered on March 29 with USD potentially making a final up to (lower high or marginal new high) into 2Q17. So clearly, decision time comingהערה
Another solid data point supporting the basing process today. Inflation was hot, so soon I exoect a new theme to emerge called MPGA (Make Pound Great Again).הערה
Sell the rumour, buy the fact. Article 50 trigger weekהערה
Pound has bottomed. One more higher low before the breakout IMHO. Medium term target range 1.40/1.45.הערה
GBP pushing stronglyהערה
Snap elections MPGA, first time above 200 dma since last June
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