Long EURGBP

21 de jul. de 2018

It has been a long time since I posted last time on this pair and many things have changed in my beloved UK. It's in a dire situation now politically and the pair is a good reflection on this. Stealthy accumulation has been ongoing since the highlighted area (without going too much into details why) and I think big boys can take this above the 0.90 to unload all the accumulated positions. It's a big question now how high it can go, all will depend on Brexit negotiations. The pair's probable trajectory is presented below, current position is long.