GU Thesis
- Weekly: For me GBPUSD is looking extremely bullish with weekly time-frame market structure being bullish. Last week candle closed as a hammer above 1.3014 signalling bears want to push the pound much higher.
- Daily: On the daily time-frame market structure has changed to bullish after break above 1.3014 zone, because on higher time-frames the pound is bullish I do see GU rallying up to as high as 1.3500 resistance.
- 1hr: Price previously has already broken above descending trend-line signalling a swing in momentum from bearish to bullish. Now waiting for a pullback into 1.3137 zone for a retest, if level holds then a bullish rally could be on the cards to 1.3500 resistance.
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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.