Brexit is really” hotting” up now with all sorts of speculation.

Brexit is really” hotting” up now with all sorts of speculation.

21st February 2018
The $ is at a critical level for me now having climbed 75% of the way through my calculated consolidation. Is it going to climb the wall or is it going back in? It does look like it might I have to say.
The FOMC might help that along this evening at 19:00.

The U.S stock markets have eased a little and looking a little weaker on the support side with the S&P testing a low as I type this at 2,706 and the Dow Jones a similar picture at 24,865.

Brexit is really” hotting” up now with all sorts of speculation.
Hard Brexit , Soft Brexit, What Brexit..?
Theresa May is now stuck between a rock and a hard place..!
It’s going to hit the fan one way or another and that time is imminent.
The Pound is going to come under a lot of pressure now.
We might think the Pound will collapse (we might not) but if it does to what level?

There is no point in speculating longer term from a Technical Analysis standpoint in my opinion. This is history, new history with no back testing analysis tools and no way of predicting the financial outcome.

My advice is to keep it tight and keep on top of the news.

Clive

P.S No trades to report from yesterday either.

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