GBPUSD May Spring Back Up
20/02/2017 GU opens above 1.212 - October 2016 Low is likely Mid-Long Term Low. However, GU Decline from end of June 2014 is not complete. Should GU turn - it is likely to be swift rather than sift move. Extreme up target for bounce is just above 1.50 and target zone 1.30 - 1.36 is more reasonable. For those who are students of MMM (Modern Monetary Mechanics or Teaching) - continued downtrend would be prefered outcome, so lets see what happens between 20/02 and 06/03. For practical people it is the price at the end of 21/02 and 07/03.
Good luck tossing a coin this week.
Chairman May as Pharaoh Hatshepsut
Good luck tossing a coin this week.
Chairman May as Pharaoh Hatshepsut
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