I have overlaid the 9m before Brexit (compressed) for two possible paths.
The blue (fast one) is more likely, it gives you the non-fat finger double bottom of psychological roundpoint 1.20 in December, perhaps as Trump fails to give the UK a 'special relationship' trade deal.
The red one gives you a longer map. Either way, $GBPUSD may have topped for now.
The blue (fast one) is more likely, it gives you the non-fat finger double bottom of psychological roundpoint 1.20 in December, perhaps as Trump fails to give the UK a 'special relationship' trade deal.
The red one gives you a longer map. Either way, $GBPUSD may have topped for now.
