Disliked{image} week depends on your view , is it an inverted hammer ,ie end of trend??? 1 we could see 1.548 area is not its possible to see 1.430 area . if we are in a correction then even 1.548 comes into play at the 23%{image} easy rejection off tl or break above, one can draw another tl just below the top tl, or it will come down to the 10/20 emas then go up.5160 area {image} last week 5220 played a hand in s/r emas are pointing down but 100 in blue and 200 in green are there as above on the 1 hour that 5160 area is where the 200 is now ?? not an easy...Ignored
secondly: how can the pair go up after such big numbers from USA?
third: how can GBP go up when inflation is going to go down following EU inflation too?
forth: this time FED can not mention hiking time after wage growth, wich they have been waiting for.. and remember that were January's data (lazy january)
we can't not consider that USA is expanding and global Europe (UK included) are struggling
this is my opinion
what do you think?