GBP/USD Trade, a purely technical breakdown
GBPUSDGBPUSD 1H Trade
Assumptions on price are based on previous momentum, as shown in previous higher timeframe analysis.
The bounce on a major support line shows price rebounding after a major high.
Overall uptrend on the pair is justified in larger timeframes, so after price bounces for a while,
the momentum upwards should kick in again thus driving price upwards and onwards.
My previous breakdowns of price momentum is linked below
Feel free to comment and add your ideas on where price might go.
Any input is welcome
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My previous Long prediction on the pair
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Related publications
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.