MountOlympusFx

GBPUSD BUY: Monthly, Weekly, Daily & 4hr

Long
FX:GBPUSD   British Pound / U.S. Dollar


- 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
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