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SuperCycleBear

GBP Returns to Daily Profile's Point of Control.

British Pound / U.S. Dollar (OANDA:GBPUSD)  
SuperCycleBear  
OANDA:GBPUSD   British Pound / U.S. Dollar
Chart Patterns marketprofile GBPUSD
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chartpattern marketprofile gbpusd
Having reached the GBPUSD long term Point of Control (POC) at 1.3160 (ish) consolidation at least should be expected. Continuation to the top of the Value Area at 1.3430 is likely in medium term according to the 80/20 rule. A short term correction to around 1.2980 is still consistent with such an outcome.
Capital can always be turned into income. It is not so easy to turn income into capital.
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