GBPUSD

possible 123 low formation...heres hoping


dl.dropboxusercontent.com/u/4899609/gbpusd2aug2016.png

Now things have settled down a bit im looking for any short term profits any way
This is still 250 points in profit from the perfect short area at 1.35. This should be a free trade now .


dl.dropboxusercontent.com/u/4899609/gbpusd4thjuly2016.png

I would not go long on the pound at all. In my eyes its looking like its heading towards £1= $1. The main support at 1.35 has broken and the next real strong support is at 1.05.
Its been hard to find a good entry to short this and im looking to short this if it re-test the break out point at 1.35. Stops would have to be massive as due to the crazy volatility associated with exit of Europe.


Quarterly chart so as you can see where the next main support comes in at..It goes back to 1985


dl.dropboxusercontent.com/u/4899609/gbpusd27thjune2016.png


daily chart

dl.dropboxusercontent.com/u/4899609/gbpusd27thjune2016daily.png

if your looking to buy euro , its currently at a resistance now so a good level to buy if you had too for holiday,but the overall trend for gbp/eur is down so needs to clear the down trend for it to signal a change.

no turn around here today...£ suffering.. perhaps I should start buying those Euros now, could be parity come August ?

all I want to know is...when to buy my Euro's for holidays

And yes I know this is £ vs $ but if the £ goes up against the $ then against the Euro the £ will be stonger....right ?