Double top stalled the bulls...
DislikedHey, 100 posts.
Double top stalled it. 127 was the third attempt to break above the weekly 100 sma. It appears to have ended up as a sort of H&S pattern.Ignored
DislikedThank you guys (for 100)
I like my brokers (fxpro) daily brifings. One of the things they said today:
- GBP: The minutes of the MPC meeting have the potential to soften sterling if there are more signs that members are looking to extend QE; the current program is coming to an end next month. Inflation could well be heading higher short-term however.Ignored
DislikedNice one There also talks BOJ will come up with new stimulus that will probably weaken the yen. Strong data from the UK should keep GBP/JPY bullish momentum fairly supportedIgnored
DislikedWhat if price just tested the 127 and is heading toward the upper trendline of the channel?Ignored