From a technical perspective, GBP/USD has been carving symmetric and measured moves since the February 29 low at 1.3836. This doesn’t mean that moving forward the waves will continue to be symmetric, but it does help us focus on some higher probability patterns at play.
Fundamentally:
Another contraction in U.K. Retail Sales may dampen the appeal of the British...
A series of higher lows accompanied by the daily MACD crossover. A break of 1.14 would show further room to go higher creating new structure highs. Remember the fundamental elements have significantly changed, however it only takes a spark of easing or rate hike take to disgruntle the market. The herd were short 59% to 41%. Remember its the guys that show proven...