GBP vs USD Ichimoku Analysis

FX:GBPUSD   British Pound / U.S. Dollar
Looking at the Cable on the H4 time frame we see price trending to the upside. The daily time frame Friday candle close was a bullish Kumo breakout with a strong bull candle breaking above the Kumo. The daily breakout was invalid as our Kumo future was still dark which represents a bearish bias still in affect. The daily breakout aligns both the daily and the H4 bullish market bias therefore we are going to look for long opportunities but since the daily breakout was invalid I am expecting a pullback before price continues the run higher. Currently we are at the 100% fib extension level and if the market pulls back here then look for a retrace into the fractal zone between 1.50767 and 1.50502 before the pair pushes further to the daily fib extension level of 1.53438 shown on the chart. Fractal zones are great levels that the market honors over and over while trending giving traders low risk trade entry points. Fractals also help determine the market structure. Visit me at Thanks for reading and God bless!
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
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 My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out