Mixed views as the market was consolidating most of the last week. In my viewpoint, technically we should see high levels this week and may be next week, I'll post my reasoning later here. Fundamentally, this pair could go down to the south pole... Oil prices are getting higher and higher, ==> weaker dollar. Moreover, navigating this week's calendar is just like walking in mines field, i.e. many many important financial reports and events.
This Calendar shows that we'll have an important report from the US and/or the UK everyday! I feel sorry for the traders (including myself) of GBPUSD, USDJPY and GBPJPY. A lot to be careful of. That's it for now...
