Long Term Buy Idea for GBP\USD
I would anticipate a retest of the 1.5800 level next week and go Long with initial Stop Loss at 1.5700.
The 50 MA has crossed the 100 MA (Golden Cross formation).
From the MACD is clear that we have strong bullish momentum (the signal line is leading the histogram).
First Target is 1.6080 which is also the Missed Yearly Pivot Point.
Now the pair is in trending channel which suppose to stay for Second Target around 1.6290.
The 50 MA has crossed the 100 MA (Golden Cross formation).
From the MACD is clear that we have strong bullish momentum (the signal line is leading the histogram).
First Target is 1.6080 which is also the Missed Yearly Pivot Point.
Now the pair is in trending channel which suppose to stay for Second Target around 1.6290.
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