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#8788
gg53
Participant

    BOE just crashed the GBP with their Inflation Report. It’s a chance to trade the retracement, i.e. LONG, of at least 60%-70% of that move on GBPUSD, GBPNZD, GBPAUD, GBPJPY after price settle down. G.

    We had a combined effect of both the BOE announcement AND the NFP, which mostly affect the USD & the correlated JPY .

    GBPAUD & GBPNZD already fullfilled the 60% retracement LAW after large move, and a bit more.

    Now waiting for the GBPUSD & GBPJPY to retrace to that level, at least.

    I suspect that next week opening will be with a gap on both GBPUSD & GBPJPY.

     

    G.

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