hafudo

The Curious Case of GBPUSD

hafudo Updated   
FX:GBPUSD   British Pound / U.S. Dollar
GBPUSD still cant decide where to go.
i switch side to bull again
what i see so far,

ALT1 (Bull):
- D1 candle still have a wide gap. Gap should be filled.
- H4 still moving in a bull flag and price always hovering on top of channel
- if next week price still hovering on top of the upper channel, create bull flag or triangle, the target could be around 1.285xx - 1.287xx

ALT (Bear):
- If yellow trend line in the channel break, and price cant go back up, target could be around 1.256xx

maybe the trigger of this scenario will be on Jan 31st / Feb 1st. NFP or Fed Rate.
so before that, on mon & tue will be boring day without clear direction
Comment:
looks like H1 start forming a triangle
Comment:
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.