USDGBP

Published: Thu, 10/06/16

October 7, 2016 View in browser

This chart from day before explains my GBP bearish outlook. That despite my Dollar bearish outlook because of a triangle. A 4th wave pattern. So wave 5 up in equality to wave 1 was pointing to 0.85. Of course it has surprised me by achieving it in a few days. But the GBP was the only weak component in the Dollar index recently.

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