Ok guys this is the trade of the week. GBP/USD or GBP/JPY the chart clearly shows that these pairs are headed to lower levels. Especially the GBP/YEN. It may retrace to the 146.00 area but I expect it to finish the week at 140.00 or lower a 400 pip drop from its present level. The GBP/USD will break out of its consolidated range but taking out some stops below the previosu lows. Why? Everyone is thinking consolidated range and they will take positions based on this sentiment which willset them up for a run on their stops. The YEN pairs all will stage further down moves this week and the GBP/YEN will follow. What fuels futher drops is when all the AI systems and traders hop on board when the markets make a move. This in turn causes a glut in positions and casues the markets to either rise or fall based on where the bul of positions are taken. It is the essence of my Shakeout pattern and why it occurs. Does it always occur before a market turn? No. However it does often enough that it has become a great indicator for me and a leading one that keeps me ahead of the crowd. So watch these pairs and get ready for another USD strentgth week.

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