Long term GBP is heading to 8 years EMA - clean breaking point from the past.
But currently we are pulling back to monthly high which we broke.
After price hits 8 yrs ema (96 months ema) it will move back to yearly high which we broke too.
PS We might also continue in uptrend from Camarilla H3 (currents week at 1.37907 - roughly 1.38 round figure) without reaching monthly high - what I find less likely as the swing run targeted liquidity above the monthly high. 90 percent of those swings are fake breakouts and return back to the high. EUR did the same fake swing below monthly low during the last days.
For educational purposes only.
But currently we are pulling back to monthly high which we broke.
After price hits 8 yrs ema (96 months ema) it will move back to yearly high which we broke too.
PS We might also continue in uptrend from Camarilla H3 (currents week at 1.37907 - roughly 1.38 round figure) without reaching monthly high - what I find less likely as the swing run targeted liquidity above the monthly high. 90 percent of those swings are fake breakouts and return back to the high. EUR did the same fake swing below monthly low during the last days.
For educational purposes only.
Comment:
I was targeting 8 yrs ema already in December:
