Analysis of the GBPUSD on the weekly chart
First: He breached a downtrend
Second: According to Wyckoff, he is at the end of the consolidation phase and is preparing to launch to the ascending stage, with the next goals 1.40113 - 1.42411 - 1.46155
- 1.56908.
Third: If it breaks 1.34834, then its target is 1.25236, and this scenario is very weak and its true strength is to rise.
Second: According to Wyckoff, he is at the end of the consolidation phase and is preparing to launch to the ascending stage, with the next goals 1.40113 - 1.42411 - 1.46155
- 1.56908.
Third: If it breaks 1.34834, then its target is 1.25236, and this scenario is very weak and its true strength is to rise.
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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.