So far GBPUSD is following the scenario described in the previous post. According to the way oscillator and RSI look It seems to me that the following week might be a consolidating... not real pick up. I am looking to short GBPUSD if it comes to 1.6430 level as I still hope GBPUSD would fulfill the scenario till the end ;).
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Meanwhile, I am contemplating another sizable opportunity with GBPNZD which seems to be ready to break upward from that consolidating area. For GBPNZD I see this coming week as bullish and would be looking to buy it on Monday whenever lowest it comes (if it comes).. perhaps at the PP.
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Be carefull on the GBP my R-Huston, we have the BOE rate this week and the UK gossips are talking about QE...
ReplyDeleteyes D-Huston QE is my concen too! I agree
ReplyDeletealso weeklies on GBP to me look dangerously bearish...
ReplyDelete