I checked GBP tri-monthly chart which is not usually posted here -- and the pair is already telling us something on the direction it wants to go at broader long term spectrum.
On the tri monthly data, GBP has started shifting its trend --- bouncing off it perfectly on a 38-year long standing very solid support. The pair's last visit to this price range was on April 1985.
The pair is back at 1.0 FIB LEVEL (on tri-monthly) -- this is outrageously beyond bargain.
Histogram wise, another higher lows was created conveying the current price range to be the last base price before the series of incoming series of ascend. Incoming Price valuation will be above average -- and that's an understatement.
Bubble up volume (bottom indicator) finally appeared after almost 2 years (last one was July 2021). This is the 2nd straight appearance in 6 months this year, cementing the intention of the pair's target direction.
Confidence on this pair's long term direction is firm.
A 10% increase from current price within the next 12-16 months (very long candle on tri-monthly) is very possible.
Spotted at 1.25
TAYOR. Safeguard capital always.
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MACRO VIEW: DAILY DATA Update:
I haven't updated in a while after my last post - in which the pair price valuation has grown significantly.
Looking at recent daily data -- looks like an upside continuation will be in order.
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TRI-MONTHLY DATA: The 3 year JULY cycle of GBP USD. Interesting price behavior.
Recent price action of the pair is cementing its target direction. A shifting price + histogram on tri-monthly chart usually happens every 3 year cycle and it falls on JULY with no miss since 2017.
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Ascending Higher lows on histogram on tri monthly is a huge deal. Expect some above average candle size formation because of a long term shift spectrum.
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MACRO VIEW: HEXAMONTHLY Data Update - Huge hint flashing on the intended direction of the pair on longer spectrum timeframe.
BUBBLE up volume finally re-appeared after exactly 2 years of waiting. Last one was on July 2021.
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Impressive price growth by GBP.
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LONG TERM SPECTRUM UPDATE: HEXAMONTHLY DATA (6-MONTHLY)
HEXAMONTHLY downtrend line BROKEN.
GBP Initial target of 1.4 in the long term IN SIGHT!
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MACRO VIEW: TRI-MONTHLY DATA
GBP keen on achieving new highs. TRI monthly chart descending trendline is teasing a breakout.
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Ascend reversal on queue.
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Weekly data update:
GBP is undergoing a "bear line detachment" -- meaning its preparing for a reversal to the upside.
Spotted at 1.260
TAYOR. Safeguard funds always / not advice.
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GBP attempting to surface based on weekly metrics.
Spotted at 1.22
TAYOR.
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Congrats holders.
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Cash position concluded. Time for another seed trade. LONG.
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Daily update:
Last friday's closing in already hinting of 'pre surge' base for GBP.
On a Long term spectrum , a reversal to the upside is already in order starting this quarter of 2023. Initial target at 1.23 is placed.
Spotted at 1.21
TAYOR.
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Strong Net buy Volume has surfaced.
This is already hinting for an impending price growth soon.
Spotted at 1.210
TAYOR.
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Breakout. Congrats holders.
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4H data update:
Reversal to the Upside attempt in order this week for GBP.
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Upside continuation in order.
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Weekly data update:
GBP ended the week with another green.
conveying a firm direction goal -- to the upside.
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Long term macro update: 6-monthly chart.
Last quarter, GBP has recorded some net positive volume for the first time since July 2021. It looks like we are about to get that 2nd series again before the year ends.
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Healthy correction time for GBP.
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time for another wave up journey.
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RESET. New base. Ascend Attempt anew.
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Upside continuation.
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GBP is preppin for a break in structure soon.
A strong upside momentum awaits...
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GBP aiming for 100 pips from the current base range.
1H DATA BREAKOUT. HEATZONE touch.
TAYOR.
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After the massive surge yesterday, this is already preppin for a significant series of price growth from the current range. A shift on the long term trend has just been confirmed.