- GBPUSD M: GU is looking bullish after new highs formed. Recent higher low formed at 1.2900 & 0.5 fib level. Next long term target 1.3750.
- GBPUSD W: Huge bullish engulfing candle broke above 1.3069 after rejecting off 1.2900. Weekly bias has now changed bearish to bullish 1.3450 next mid term target.
- GBPUSD D: Price broke 1.3069 with a strong bullish candle. Moving averages have now crossed bullish. New highs have been formed, next target 1.3240.
- GBPUSD 4hr: Now just waiting for a restest of 1.3069 after daily break. Once retest we should see a strong rally up to 1.3240 forming new bullish leg (new highs).
Comment:
new support at 1.30400
Order cancelled