mrleh
Long

GBPUSD LONG TERM BUY UPDATE AND FUTURE

FX:GBPUSD   British Pound / U.S. Dollar
The USD pairs are a thing of beauty, I love milking these pairs.

GBPUSD is not the most beautiful out of them yet its chart is still very profitable. We were able to catch 150 pips three weeks ago when the pullback towards the monthly key level of 1.35500 yet the market decided it didn't want to make it obvious and let us make money so they quickly reversed and decided the next monthly low is a better level to reverse.

Now with the market already hitting that monthly key level of 1.30550, it's moving its way upwards, banking us almost another 200 pips so far.
For next week, we will expect a small pullback of around 25-50 pips and then another substantial amount of rise towards the weekly level of 1.35500

Good luck

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