nobody knows the final target n where it will start rebounding .....bcz today's forex market is just not anout fundamentals or technicals but Geopolitical news is also affecting big way....
I can assure u that if Scotland topic would have not been here around .... we all would be seeing GU at around 167 currently....
bcz if there is yes voting for this issue then GU may go down to atleast 1.625 but not beyond that bcz scotland issue is already factored in the market....
Bottom line I m not seeing much downside from here max 16250 .... i hope we will rebound bcz m stuck with heavy long positions at 170...
All the best
I can assure u that if Scotland topic would have not been here around .... we all would be seeing GU at around 167 currently....
bcz if there is yes voting for this issue then GU may go down to atleast 1.625 but not beyond that bcz scotland issue is already factored in the market....
Bottom line I m not seeing much downside from here max 16250 .... i hope we will rebound bcz m stuck with heavy long positions at 170...
All the best