EWStructures
Long

GBP/USD - If it doesn't go lower it will go higher

FX:GBPUSD   British Pound/U.S. Dollar
177 0 10
This is a tricky one, but aren't they all tricky ? Cable is nicely contained in a month-long corrective channel and is now at the bottom. At the end of this C-wave             (of wave B) there is a small ending diagonal and a break north would send Cable likely higher.

A break south from here would probably result in a massive downmove because it's rare that a corrective channel breaks on the "wrong" side but "rare" doesn't mean "impossible".

Long-term I think this pair will get hit much harder, but I could see a move higher from here.
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Support Priority Support Report Issue Ideas Published Followers Following Private Messages Chat Sign Out