GBPUSD has been on a decline for the best part of a year. Bearish momentum has majorly decreased and we have pretty much been ranging for about a month now creating a corrective pattern inside a wedge. I am expecting one final wave (Wave E) down towards the order block of 1.31300-1.31070, before we see a reversal to the upside. I will be looking for a 300 PIP bullish move targeting 1.34300, possibly even higher.
I will be catching this move on behalf of myself & my Account Management investors.
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.