5GBPUSD
Candlesticks: Engulfing (Thursday)!
Harmonic Pattern: –
The UK-election was moving markets on Cable last week. On Friday price moved down but closed above EMA100 near EMA200. Before price had peaked down but recovered some losses during the day. GBP appears to be quite insecure with their polital future and the BREXIT.
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Seasonal: 57% up, 153 pips up, 178 pips down
COT-Index-Analysis
GBP has low readings – USD is one of the stronges regarding COT-data – for weeks. If price will move above EMA50 I will go long. If the price declines I will start going short at 1.2540
