British Pound / U.S. Dollar
Long
Updated

GBPUSD Continues Higher

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GBPUSD is a beast lately. Messy consolidation followed by a breakout. I expect we will attack the old highs and continue the longer term trend from the last months.

This is a longer term projection so not expecting parabolic moves here, think we might consolidate and drift higher.

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After a bit of consolidation, we are seeing some GBP strength in our direction. Want to see the highs broken and a trend to take us higher!
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Thats the agressive move higher I was looking for!
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Three month outlook target 1.3850 hit overnight! My long term bias on GBPSD now neutral. Wouldn't be surprised to see a decent retracement from around here.
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