GBPUSD Weekly Update

12 сент. 2016 г.

WEEKLY MARKET ANALYSIS Week Sep. 5th - 9th

This is part of my weekly analysis newsletter that is sent out every week to subscribers. Use this analysis in addition to your own analysis of the markets. More detailed charts available to subscribers.

GBPUSD - Are We To FINALLY See GBPUSD Retrace The Brexit? IF It Does, That Could Be Worth Over +1500 Pips!

GBPUSD has also been making a long consolidation pattern near it lows that were established post-Brexit. While many other markets have already retraced their Brexit moves, GBPUSD is one of the ones that have not. Normally, any sudden and large moves caused by news get retraced sooner or later. In most other non-sterling crossed markets, that has happened. But in Sterling-crossed markets like this one, that hasn't happened...yet. Will it happen? If it will, that means that we could see GBPSUD rise and cover up more than +1500 pips! But if it does not and from here turns back down, then it can make a SIGNIFICANT move down going with the prevailing MAJOR downtrend. So which way will it go? We have a firm analysis on which direction we see it going and how to capitalize with the least risk possible.