GBP & Sunday Open - Market Barometer Update

Hi guys, most of the currencies on the long term barometer (bottom chart) have consolidated near 50 and ready for a push. Typically, the moves away from (bounces) or through the 50 level are pretty big. The AUD just made a move 'through' the 50 level and it looks like the JPY might be next. We'll see.

The GBP was over sold and is in the process of a consolidation move.

This is not investment advice, just my opinion(s). Please trade accordingly.

Trade safe and keep an eye on news.