British Pound – After BREXIT

IBBPVA-W

The British pound panic is subsiding and now it is time to retest resistance. Our Monthly Bearish Reversal stands overhead at 13660, so expect this to be the formidable resistance going into month-end. The Daily Bullish now stands at 13350 and 13535 with the Major numbers being a Double Daily Bullish at 14725. We can see technically that the pound traded extremely on point to the channel analysis. The two main channels overlapped and picked both the high and low of the panic BREXIT move, demonstrating nothing is random.

BPFOR-W

Now we have a turning point next week and we can see that Directional Changes are showing up almost every other week warning of a choppy pattern. Serious volatility should not return until late August going into September.

Latest Posts

Biden Mocks School Shooting Victims

The POTUS lives in a reality that is far different from ours. His brain has deteriorated to the point that all of his speaking engagements end in utter disaster. Biden [...]
Read more

What will Become Money Post-2032?

QUESTION: Hello Martin, Been reading your writings with keen interest for over 15 years now since while you were incarcerated. My question is: The way you paint a picture of the [...]
Read more

Paris on Verge of Revolution?

https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Paris-Pension-Protest-2-28-23.mp4   We have been getting readings in France keeping us up to date in this huge Pension Protest and many see this as rising tension toward Revolution. While politicians [...]
Read more