GBPUSD - LONG
The downwards trend that formed for around 2 weeks has been broken to the upside after downside trend break has been rejected. After a retest of the support and a new channel being formed with higher highs and lower lows.
This is a very volatile space however the USD is predicted to weaken next week which could cause some upside to the GBP and a retracement to the 31% fib level after a heavy sell off last week , I am probably aiming for around a quick 80 pips to be on the safe side but the potential for around 400 pips possible in the long run.
Please comment if you disagree
This is a very volatile space however the USD is predicted to weaken next week which could cause some upside to the GBP and a retracement to the 31% fib level after a heavy sell off last week , I am probably aiming for around a quick 80 pips to be on the safe side but the potential for around 400 pips possible in the long run.
Please comment if you disagree
Nota
Line and fibs are a tad wonky but you get the idea...
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.