What are people’s thoughts on the direction of cable in the last few days before the U.K. goes into the transition period?
As it’s still falling from the U.K. election results, I’m seeing if it carry’s on and breaks the 12942 area which was the last support then it could carry on falling.
But not to sure if it’s seen as a positive or negative ATM. I.e good that we’ve finally left but bad that there is 11months to get a deal through or a no deal Brexit may happen.
Your bigger worry is EURGBP.
GBP getting hammered by USD is a given and understandable but hammered by Euro too is downright mean and telling. In fact, just getting the language of EURGBP would dispense with a sh*tload of bs threads like Brexit, Islamaphobia and all the political threads concerning UK. Euro relationship is key.
Nothing else matters now, not the woman, not the money, not the land. The GBP came to see the Euro because she knows that now after all these years, the Euro will finally tell her what she is after - however, I suspect this will be only at the point of dying. GBP is no slouch, she knows this. She remembers the DM (the magnificent Deutsche Mark).
CHF is likely going to be a non-issue (needs more work on my part). But the Euro is key.
EURGBP hit a major landmark on December 2008. Dropped into July 2015 in 3 waves and then rose in what looks like a 5-er. This tells big Joe that the Primary Trend is UP. If this is correct and I won't know this as more time is needed to study this cat, all Hell will break loose on the next breakout topside.
My my my, its going to be a beautiful town, Europe-Town. Other junction grinders like George Soros and terrorists like him will try to kill it off but they won't succeed.
Why does this concern me? You kill France and we are all dead. Kill Paris and all the poetry is gone forever. That's why Hitler was screaming thru' a megaphone, "Is Paris burning yet?" That be the greatest country on Earth. The greatest location that even beats out el Zocalo in Oaxaca, Mexico ............. is Place St. Michel. No 2nd place contender not even in the USA
So IMHO, fck George Soros. Fck Hitler too.