British Pound / U.S. Dollar

GBPUSD Roadmap Update May 2017

Updated

Important week/month ahead

Note

Resistance turning into support. Good, good

Note

1.30 reclaimed today. Painful unwind for shorts

Note

First weekly close above 55 wma since summer 2014. Significant and need to hold next week.

Note

I am thinking 1.324 should be achiavable

Note

Starting key month with key date June 8 elections

Note

UK elections turn out to be adverse, therefore this needs to be adjusted to 1.35 into late 2017/early 2018

Related publications

GBPUSD Big Picture Roadmap Nov 2016

GBPUSD Roadmap March 2017

GBPUSD Roadmap April 2017

GBPUSD May Roadmap 2017

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