GBP Index chart: The Pound might be starting a long term uptrend
Updated
Just food for thought.
We have a confirmed uptrend signal after an extended sideways correction, coming off a significant low after a steep downtrend completion back in 2012.
The Pound could start rallying well into 2016 if this forecast isn't invalidated.
Similar to the Euro, I will only look for long opportunities in these pairs, unless the chart calls for a very good short.
Cheers,
Ivan.
We have a confirmed uptrend signal after an extended sideways correction, coming off a significant low after a steep downtrend completion back in 2012.
The Pound could start rallying well into 2016 if this forecast isn't invalidated.
Similar to the Euro, I will only look for long opportunities in these pairs, unless the chart calls for a very good short.
Cheers,
Ivan.
Trade closed: target reached
Note
🔒Want to dive deeper? Check out my paid services below🔒
ivanlabrie.substack.com/
ivanlabrie.substack.com/
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.