GBPUSD likely continuing to move up in the mid-term
Following the high timeframe analysis on GBPUSD in the last video, this time we looked at the mid-timeframe to see what would likely happen in the short to mid-term. I personally believe the price will eventually break through the range of resistance at around 1.3500 that has confined the price for the last 24 months. Indicator showing us formations consistent with those usually observed in an area where continuous growth in value is likely. Walkthrough of the details laid out in the video.
I am marking this analysis as a "long" in view of the likelihood of GBPUSD going up above 1.35 in the coming weeks, some possibilities for short term corrections notwithstanding.
I am marking this analysis as a "long" in view of the likelihood of GBPUSD going up above 1.35 in the coming weeks, some possibilities for short term corrections notwithstanding.
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