The direction of G/U next week depends on the move of E/U.
If EZ economic data is positive: G/U rapidly comes back 1.658
If EZ economic data is negative: G/U falls down to 1.63 support level I show on the chart.
I ignore BoE Meeting next week because I don't see any change in monetary policy of BoC. They will unchange the policy until they see they need to act.
Technical Analysis:
I show on the chart: G/U respects Andrew's Pitchfork pattern greatly, so you can SELL when G/U breaks the Pitchfork pattern.
I keep NEUTRAL view about G/U: I wait and observe.
If EZ economic data is positive: G/U rapidly comes back 1.658
If EZ economic data is negative: G/U falls down to 1.63 support level I show on the chart.
I ignore BoE Meeting next week because I don't see any change in monetary policy of BoC. They will unchange the policy until they see they need to act.
Technical Analysis:
I show on the chart: G/U respects Andrew's Pitchfork pattern greatly, so you can SELL when G/U breaks the Pitchfork pattern.
I keep NEUTRAL view about G/U: I wait and observe.