GBPUSD Roadmap Update May 2017
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Next 4-6 weeks seems climax
Nota
1.27s is a critical level which holds for nowNota
55 wma above again. Let's seeNota
Elections next week is DA EVENT. Anything else than Conservatives increasing their seats in Parliament is negative pound.Nota
Constructive action, cannot exclude buy the rumour sell the news after tomorrowNota
Election day. No matter what happens, the 1.19/1.20 lows seem secure and multiyear lows. So every next low for the foreseeable future should be a higher low above theseNota
GBP is holding very well in spite of election negative outcome plus UK data was negative. Very constructive at the 1.26/1.27 levels to make a higher lowNota
1.324 target reached.
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