DislikedGBP/USD...I would have to say that I really like the chances of seeing 1.46 in the near future. We saw a perfect textbook bounce off the SMA 200 on the weekly (my red line) that coincided with a 50 retrace of the move from 1.72 to 1.4564. Over the last 4 weeks, price has been unable to move above the EMA50 (my yellow line) on the weekly. EUR/USD should have no problem now that it's in no man's land getting down to test 1.05, the low from April. It will drag the pound down with it over the next couple weeks. Of course, I could very well be wrong....Ignored
The Chonchy