GBPUSD Gearing Up For Giant 350+ Pip Move! Confirmed.
On the higher timeframe, GBPUSD is touching a bullish trendline. We recently saw support from the 200 EMA the past couple days, and could see a continuation of the upward movement towards the next zone (1.411-1.428). We have additional confirmation on the 4H chart in the form of a fib retracement that has hit the "golden zone" or 61.8-70%.
I will be looking on smaller 5-15M timeframes for a good entry at the price level right now.
I will be looking on smaller 5-15M timeframes for a good entry at the price level right now.
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.