I posted earlier to watch GOLD as the leading indicators since it made a new high..
if the high breaks GJ goes down
if the 1035 breaks GJ retrace
Keep it simple!!
if the high breaks GJ goes down
if the 1035 breaks GJ retrace
Keep it simple!!
DislikedThis is indeed a mystery and truly unknowable. But, is it predictable and with what kind of probability. For the G/J to go up the USD has to strengthen along with the GBP. If the USD strengthens and the GBP weakens the G/J will go up a little. If the GBP strengthens and the USD weakens the G/J will go down further. If the GBP continues to weaken and the USD continues to weaken the G/J is going way down. Actually this is the wrong time to be looking for price action on this pair. So, the answer, for now is, it's not going anywhere.Ignored
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