More upside
הערה:
Most likely this implies around 1.22 vs EUR
הערה:
Consolidation. May speech very important especially if noises are true that she will say something about paying for access to EU market
הערה:
So far successfully consolidating above 1.345 which are the post BREX Ref spike highs previous summer. Another key level, good to hold
הערה:
Sharper pullback to 1.335 possible
הערה:
Retail sails very solid and way above
הערה:
Cup and Handle potential formation argues for the upper range limit. Let's see first May on Friday
הערה:
If oil rises as is my base case, this also supports GBP
הערה:
This intrayear V reversal higher in GBPUSD argues for a 1-2 year retrace higher. Let's see how it goes first
הערה:
Today is MayDay, so let's see and listen
הערה:
Best will be to have some consolidation/small pullback to build the base for the next upleg
הערה:
Pullback in play
הערה:
Solid bounce off support
הערה:
Pullback is good so far, needs to establish a base in low 1.30s to attack 1.40
הערה:
Pound defending as expected the low 1.30s which were the post Brexit ref lows. Let's hope this is the new base established
הערה:
It does look more and more like base building for the next upleg. Attack or even bear trap at around 1.30 still cannot be excluded but so far quite constructive
