basic H4 view let see a bearish engulfing anf not pass is down T-mine since january high can make think he can down to a psychological leval of 0.7700 with amid bad china ppi and cpi and geopolital tension+ an hawkish FED bad on good us CPI report
because i think he done the Christmas rally more early than before and i think he will down a bit before end years may pull back before the 31 december for close the years i big gains then after in january fastly down more than my target...but is...
In technical analysis i see a possible H&S and even the weekly support is right Far ,usually when a price Breakout this kind of strong resistance the AT suggest that he will pullback on for bounce more up after. so i think with the h&S formation is good to try it.
Also i got a kind of RSI BEARISH DIVERGENCE in H4 chart
Carney talk abour rate hike yes but they alredy talk about it before so i thought market have priced it already.
Brexit sill confuse topic and not all line in good ,it still again a little mess
missed his GDP forecast even other data are very good
The gbpusd -0.32% fail to pass the resistance many time at 1.3610 and even he still on bullish trend short/middle time,he have room to consolidate more.
the usdjpy 0.13% dont know wher eto go is in range since 3days and i think trump administration,fiscl policy details and maybe again NK -0.18% will weight on this cross
so i just think i may wrong like all trade we do but i wanna try this idea,with a good MM and ration