Now that Gold n BTC are getting ready for a bull run the GBP Gains with them to supress the dollar....
Wait for a retest at 69 then know one thing from there Oil is going up....
A break on the 2011 Nov & 2023 May trendline has been broken n now the pair is looking up for a bull run to....
A break on the 2011 Nov & 2023 May trendline has been broken n now the pair is looking up for a bull run to 1.38334 its a run...
A retest on the lower line of the channel then a push up 1160.00
Going up, take a good look on the BCI on monday for a close above 11257.00 to take a run up to 11803.00 on the JSE but a loss will result in a dip move to 11257.00... wait for the BCI results n trade
If the BCI comes with a great value the JSE will see a rise to 11803.00, but if the results comes out worst it will see a loss down to 11109.00, so wait for a bullish confirmation n buy to 11803.00 , where else on the other side wait for for a rejection on that11257.00 price level n then a confirmation and sell yo 11109.00, if you are trading JSE be sure to take...
Wait for 16460 rejection n buy SBK , as the rand getting strong the Exchange is expecting the banks in SA to out perform other banks in the world by growth not net balance, so be sure to see a rejection on that price level to 19625 price level a new high for standard bank SA..
The lower trend linerejected the downside break of the the britain bears and supportedthe South Sfrican Bulls to rally up 0.04934 is a run worth taking
The bear run is more likey to happen as the feds will support the dollar to free themself from the recesion and maintain the economy
A minor pull back , a small one then bulls take over...
Then the bulls will take over upto 26.175 for a full pull back up...
but if the breakout get rejected then it will cause the pair to bounce back up to 1.28739 for a re-test.
Not good with how long will It take but the target is legit...
Clear break out to the downside
Abounce on the trendline previously broken to the top which wasn't broken to the bottom will push the pair up to 0.980000