According to the latest COT report by CFTC on 2nd November 2021, hedge funds have added LONG positions to GBPUSD.
Descending wedge will likely break upwards to at least the 0.65~0.618 Fibonacci ratios.
The Fisher transform and FSVZO momentum oscillators also indicate a shift in momentum to the upside.
Descending wedge will likely break upwards to at least the 0.65~0.618 Fibonacci ratios.
The Fisher transform and FSVZO momentum oscillators also indicate a shift in momentum to the upside.
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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.