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.
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.
