New Week Possibilities

After a strong week, it is not surprising to find sterling spending another Monday consolidating gains and pulling back off fresh new highs. If the trend continues in this new 1st week of a new month of trading, a correction of mostly last week’s rallies could provide opportunity for bulls. However, it also gives us levels to watch if the correction decides to turn into a deeper reversal.

$GBPUSD

GBPUSD 4 HOUR CHART

$GBPAUD

GBPAUD 4 HOUR CHART

$GBPNZD

GBPNZD 4 HOUR CHART

$EURGBP

EURGBP 4 HOUR CHART

 

 

 

The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.

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