key points -
- GBP failed to penetrate the previous top @1.274XX level
- Double top formed, downtrend begun
- GBP sentiment is still very bullish, 80% as of 06/05 20:00 EST. (3.78)
U.S. economy fundamental is not strong, but Brexit is still wobbling.
key events :
8:30 AM - Jobless claims (Jun 1) - expecting worse than forecast
Forecast -
We MAY see downtrend IF 1.266XX key support level breaks. Uptrend failed (wick created on daily),
We may see the reverse head and shoulder pattern if it trends downward.
- GBP failed to penetrate the previous top @1.274XX level
- Double top formed, downtrend begun
- GBP sentiment is still very bullish, 80% as of 06/05 20:00 EST. (3.78)
U.S. economy fundamental is not strong, but Brexit is still wobbling.
key events :
8:30 AM - Jobless claims (Jun 1) - expecting worse than forecast
Forecast -
We MAY see downtrend IF 1.266XX key support level breaks. Uptrend failed (wick created on daily),
We may see the reverse head and shoulder pattern if it trends downward.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.