Since my last post on GBP, it turned up around 1.52 which I showed as an intermediate stop on the way down with red ellipses. It may rally up to 1.53-1.5350 up to the green rectangle. Once it resumes the decline I expect the green intermediate resistance to be broken and this will open prices much lower than here. The ultimate target would be 1.43-1.44 as I can see via the larger green channel.
This blog is a free service since the beginning. If this site has contributed to your trading/investing style in any way and you feel generous today, there are two donation buttons on the left side. Thanks for supporting this site by turning off your ad-block software and visiting the adverts.
No comments :
Post a Comment