Kicking it off. I will try to post charts starting from tomorrow.

Longer term AOC for the Pound is placed around 1.32.
It comes from weekly time frame so give it +/-100 pips.

For now, 1.40 masy stop it.

It saw SL above 1.40 for a while but it doesn't look like a firm reaction.
1.39 next, with some troubles at 1.3930-40?

Pound ready to dump any minute now?

Nice reaction down. Time for 1.3980 or will it chop above 1.40 again?

Looks as though everything is going down, but Marcin is chasing the pound down ;)

Yep, that's the exact doggie I was thinking about.

Originally posted by rat89

thanks jim

Click image for original size

Originally posted by jimkane

Great chart, rat. I was going to post how I am loving this Die, pig action here, and how it tagged the very low end of my key area today (with a H&S pattern, too), so I am quite thrilled, and I then saw your chart. The two low Fibs I had were the 1.272 ext ret at ~43 and another key one at ~44 quart, and the high was 43.75. I thought it would push up a bit more and more deeply test the key lines (and I am more than ready if it does take one more shot up there), but otherwise it's just ride until the ride ends.

My strong preference is that they've had their fun, and we get back to some hard-core selling, and working on taking that low so far out with extreme prejudice. But, for that to happen, we have to get some news, I think, to give the excuse. The technicals drive it, of course, but until we get the excuse to shift the sentiment I don't think it will do much. Right now the fear of the Grexit is the top scary issue. Who knows tomorrow. You are very right about one thing, there is zero fear. 'Look, mommy, isn't that a giant grizzly bear in front of us in the path, looking all pi#$ed off that we are so close to her cubs?' 'No, son, that's just a nice big doggie, let's go pet him...'

Where have I heard that expression before?...

Originally posted by MarcinO

Swoooooosh!

Bye-bye, Euro, bye-bye.





Source: https://www.armstrongeconomics.com/world-news/politics-trump-brexit/

Pound at 1.3890. This area may stop it for some time.

yeah, they are funny