GU looks like it's ready to fallGU has reached a point of interest, both around the 61.8 FIB as well as my trend line. I think we can start to look for a short trend reversal signal back down to the low.
Gushort
GBPUSD - GU at a decision point...short?This ongoing bar has already trouble to go through the centerline.
Observation cap on.
P!
GBPUSD SHORT: Forget technicalsBrexit = uncertainty until 2020.
USD = rate hikes, fiscal stimulus, normal mean reversion of 10Y term premium, $10 trillion global dollar debt.
This divergence should continue to push GBPUSD lower, even if the BoE decides to hike rates in the face of rising CPI.
