We are looking at a trend change in British pound so pay close attention to events ahead. A close above 12674 will be bullish and a close below 12200 will warn of possible decline.
A risk to see complete monetary reform as early as 2018 exists, the long term risk adjusted in real terms for inflation also remains a long term risk.
This market has remained bearish since the 28158 high in 1959. With no yearly bullish reversals from the major low in 1985 warning we remain in a bearish long term trend. This has warned that the overall trend of this market remains bearish since it has been unable to make higher highs.
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A risk to see complete monetary reform as early as 2018 exists, the long term risk adjusted in real terms for inflation also remains a long term risk.
This market has remained bearish since the 28158 high in 1959. With no yearly bullish reversals from the major low in 1985 warning we remain in a bearish long term trend. This has warned that the overall trend of this market remains bearish since it has been unable to make higher highs.
Thanks, your likes and comments are much appreciated!
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