Here's a very long term chart.
Now that DXY appears to be readying for a bull run here is a window into GBPUSD.
With price fakeout and return it looks like cable is respecting this long term descending wedge.
I think this will easily get to 0.618 $1.242 as a first target.
But in line with DXY bull market and also my GOLD and SILVER calls see linked threads, it seems probable this will be a 1.618 extension seeing GBP fall to sub $1 sometime around 2027 - 2029.
Not advice.
Now that DXY appears to be readying for a bull run here is a window into GBPUSD.
With price fakeout and return it looks like cable is respecting this long term descending wedge.
I think this will easily get to 0.618 $1.242 as a first target.
But in line with DXY bull market and also my GOLD and SILVER calls see linked threads, it seems probable this will be a 1.618 extension seeing GBP fall to sub $1 sometime around 2027 - 2029.
Not advice.
Next video Saturday 22 June😼.
Hodlers assume an obvious next wave up but will there be a sting in the tail💀.
Deep analysis - I keep the juicy details for my clients.
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Contact: t.me/dRends35
Hodlers assume an obvious next wave up but will there be a sting in the tail💀.
Deep analysis - I keep the juicy details for my clients.
Telegram Group: $50 per month 👍🏻.
Contact: t.me/dRends35
