Mozhu: The US dollar continues to weaken, and the pound will complete its cyclical operation?

Investment is a topic about cognition and luck, where one conscientiously insists on ensuring the lower limit, while luck and cognition determine the upper limit.Many people make money by relying on luck, but they will use a hundred reasons to tell themselves that it is strength, and as a result, they are overthrown by desire~




Overnight,Long position rebound of the US dollar is weak, short range exploration93.5The US dollar continued to decline and broke through during the US market session93USD level, for9month21For the first time since then.The significant inflow of short positions in the US dollar has led to a rebound in non US currencies across the board,pound/The US dollar rose in line with the trend and briefly approached1.3The US dollar barrier.
This round of bullish gains is solely due to the maintenance of short positions in the US dollar, resulting in the GBP/The US dollar rises, and if the US dollar bottoms out and rebounds, then the pound/The US dollar may continue to adjust and revise.If we want to break out the expected cyclical bulls, we need the fundamentals to promote the operation of market sentiment, otherwise it is difficult to achieve a significant increase in value.
Yesterday, there was news thatBritish lawmakers are preparing to revise the internal market bill,Boosted the current optimistic sentiment in the market. However, currentlyNegotiations between the UK and the EU on a post Brexit trade agreement are still deadlocked.In the near future, it is necessary to closely monitor the changes caused by fundamentals. If Brexit progress is optimistic, it will boost the short-term inflow of bullish sentiment in the pound.

No matter how chaotic the current market situation may be, there is still much uncertainty. Will not change my short-term bullish view of the pound, andAccording to the cyclical long recovery of the pound, it will still be bullish to1.317The US dollar level is a stage of retreat0.618/Top to bottom conversion/Mid axis position,Similarly, this position is also the best place to participate in the bearish stage in the future market.
Given that the current US dollar short position remains strong, it is £/The US dollar has achieved a strong bullish push, and we need to pay close attention to the top high currently1.308Can we stabilize and break through,If this position breaks,pound/dollar1.317No worries!In terms of participation,Short term fallback to1.3A small stop loss can be made near the US dollar level to participate in the GBP multiple orders, viewing the continued rise in the future market.
of course,If the short term long end of the pound flows into a strong market, it will arrive1.317At the US dollar level, attention should be paid to making a bearish transition here, and participating in the bearish trading in the future1.298USD level!Jiewen Pound Sterling/USD current price1.305 time10month21day 16：09branch