FX:GBPUSD   Paun British / Dolar A.S.
08/25/2017: Weekly Close printed a strong HAMMER on the weekly indicating more upside to come. The HAMMER tested and rejected the 61.8 / 78.6 FIB...more confluence that more upside is in store. On the daily we saw a Morning Star pattern print, testing and Rejecting the same FIB levels as the weekly. Additionaly on the Daily we saw the third bounce to the upside from a trend line and we have broken the counter trend line. Due the news having a part in the large moves associated with USD pairs, we would like to see another bullish confimration canadle. I am predicitng a retest of the FIB zone before heading upward.
Penafian

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