GBPUSD Weekly Kijun Sen breakout
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GBPUSD is breaking two Kijun levels, the Daily KS and the Weekly KS (green line). The Lagging Span (orange circle) still has to cross a Weekly KS level as well.
On confirmation, next logical target will be the recent high at 1.3750. GBP pairs in general have a strong potential for a durable bullish trend.
Tomorrow BOE monetary policy, expect volatility.
Glossary :
TS = Tenkan Sen | KS = Kijun Sen | LS = Lagging Span/Chikou Span
DLY = Daily | WLY = Weekly | MLY = Monthly
TL = Trend Line | TP = Take Profit | SL/INV = Stop Loss / Invalidation | TF = Timeframe
** THIS ANALYSIS IS MY OWN OPINION AND IS NOT A TRADING OR INVESTMENT ADVICE. **
On confirmation, next logical target will be the recent high at 1.3750. GBP pairs in general have a strong potential for a durable bullish trend.
Tomorrow BOE monetary policy, expect volatility.
Glossary :
TS = Tenkan Sen | KS = Kijun Sen | LS = Lagging Span/Chikou Span
DLY = Daily | WLY = Weekly | MLY = Monthly
TL = Trend Line | TP = Take Profit | SL/INV = Stop Loss / Invalidation | TF = Timeframe
** THIS ANALYSIS IS MY OWN OPINION AND IS NOT A TRADING OR INVESTMENT ADVICE. **
Nota
Testing the Weekly KS breakout : Nota
Re-test of the Weekly KS breakout by the Lagging Span :
Penafian
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