The all Mighty GBP looking for a come back strong.
The all might GBP ia looking for new bounce and life since brexit.
after the 2016 brevity decision you can clearly see the effects on the market from 23 June 2016.
Since then we have bottomed out to what i am calling the kill zone of GBP at $1.52456 for over a year and then had a n ice with the double bottom circled green with a expected bounce
From what i am looking at i am seeing the daily has fired long on the TTM SQUEEZE and the 3 day momentum has shifted from down to up. very bullish
also RSI bullish divergence on daily, and clean respect of RSI levels on all other time frames which is nice set up for GBP to natural move with momentum.
From my chart If we can break the weekly down trend from the brexit decision represented in the blue trend line .
We might see the all mighty GBP make a big push up to the $2.2 level or my orange monthly trend line from 2004
with everything said GBP is also highly effected from latest news from brexit it self
here are some key dates to watch for
-5-8 June Article 50 technical negotiations between the UK and the EU in Brussels, focusing on Northern Ireland/Republic of Ireland as well as future relationship between the UK and the EU
-12 June European Union (Withdrawal) Bill returns to the House of Commons, where MPs will consider Lords amendments
-28-29 June EU summit. This was seen as a deadline by which the UK was expected to produce answers on the UK's customs relationship with the EU and Northern Ireland, but this deadline is now highly unlikely to be met
from this news we could also see a fall at the end of June if deadlines are not met.
For entry i would be looking to stack in all the y down to $1.6900
with profit targets set in green horizontal rays.
please if u like what u see follow me for more updates.
and all comments welcome
after the 2016 brevity decision you can clearly see the effects on the market from 23 June 2016.
Since then we have bottomed out to what i am calling the kill zone of GBP at $1.52456 for over a year and then had a n ice with the double bottom circled green with a expected bounce
From what i am looking at i am seeing the daily has fired long on the TTM SQUEEZE and the 3 day momentum has shifted from down to up. very bullish
also RSI bullish divergence on daily, and clean respect of RSI levels on all other time frames which is nice set up for GBP to natural move with momentum.
From my chart If we can break the weekly down trend from the brexit decision represented in the blue trend line .
We might see the all mighty GBP make a big push up to the $2.2 level or my orange monthly trend line from 2004
with everything said GBP is also highly effected from latest news from brexit it self
here are some key dates to watch for
-5-8 June Article 50 technical negotiations between the UK and the EU in Brussels, focusing on Northern Ireland/Republic of Ireland as well as future relationship between the UK and the EU
-12 June European Union (Withdrawal) Bill returns to the House of Commons, where MPs will consider Lords amendments
-28-29 June EU summit. This was seen as a deadline by which the UK was expected to produce answers on the UK's customs relationship with the EU and Northern Ireland, but this deadline is now highly unlikely to be met
from this news we could also see a fall at the end of June if deadlines are not met.
For entry i would be looking to stack in all the y down to $1.6900
with profit targets set in green horizontal rays.
please if u like what u see follow me for more updates.
and all comments welcome
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