HOLD LONG (Aiming 172.75 - Large Triangle)
TP Stop taken for last SHORT idea bouncing off of 400MA on the 1H and the 38.2% Fib off of last rise. Price also passed the 100MA on the 1H and aiming towards 200MA on the 1H.
Staying LONG and aiming for the large triangle pattern and beyond. Will readjust with the following:
1) GBP Bank Rate out tonight
2) GBP Asset Purchase out tonight
3) USD Unemployment claims out tomorrow early morning
4) USD Federal Balance tomorrow late morning
5) JPY Monetary Minutes tomorrow late afternoon
6) USD PPI early Friday morning
Wow, that's a lot (and the G20 meeting). The only thing that would disrupt this is a Putin mess (well, bad data announcements too, but still Putin...). Danske Bank's public disclosure is aiming for 173 something.
Staying LONG and aiming for the large triangle pattern and beyond. Will readjust with the following:
1) GBP Bank Rate out tonight
2) GBP Asset Purchase out tonight
3) USD Unemployment claims out tomorrow early morning
4) USD Federal Balance tomorrow late morning
5) JPY Monetary Minutes tomorrow late afternoon
6) USD PPI early Friday morning
Wow, that's a lot (and the G20 meeting). The only thing that would disrupt this is a Putin mess (well, bad data announcements too, but still Putin...). Danske Bank's public disclosure is aiming for 173 something.
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