British Pound / U.S. DollarUpdated [GBPUSD]
A research that was found in my hands a few weeks ago, notice that the pair every 8 years make an up trend. This move is in development since the first month of the present year. The price hit the Giant Resistance and make a pullbuck.We will watch what will hapent with big interest. Nevertheless the target of .618 (1.1322) projection of highest hight, is still in play and the giant resistance is waiting the next try.
Good luck and trade with care....
Good luck and trade with care....
Note
With the eye of E.Wave Theory, we are, according to my counting, in wave (4) development. That means, if the wave has been formed then we will see the down target 1.1322 or if still continuous forming, an uptrend movement will take us till the wave (1) wich means 1.1749. Put your bet.Note
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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.