Get started
Hoag

GBPUSD Technical Analysis: Keeping bullish view

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
Hoag  
FX:GBPUSD   British Pound / U.S. Dollar
GBPUSD gbpusdshort USD BOE fed FOMC yellen dollarindex Forex forexsignals forexforecast freesignals Elliott Wave Zigzag
1
0
gbpusd gbpusdshort usd boe fed fomc yellen dollarindex forex forexsignals forexforecast freesignals elliottwaves zigzag
Talking Points:

  • GBPUSD Technical Strategy: Keeping Bearish view
  • Elliottwave Count: ZigZag Correction will be our primary choice in count

GBPUSD Start showing divergence on daily bearish trenline and 240min newly created bullish trendline. Current level 1.4650-1.4700 is 100% expansion of zigzag and also testing horizontal resistance.

Long term trend is down and don't see any reason to see bullish count but consider upward move from 1.3850 to 1.4750 is a pair of zigzag correction.
-- By Hoagtrading.com (Twitter: @Hoagtrading)
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.