Hi there, GBPUSD is currently in a short term bearish trend on lower time frame. We are looking for strong break up and reversal for upside.
Watch bottom for 1st impulse and buy and hold it for up to 1.40 or 1.50
This pair has a huge potential for upside.
If we dont see break up and price keeps pushing for downside sharply then we will look for bigger degree correction for more downside. Based on the current picture look for reversal.
Good Luck.
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Watch for the 1st impulse for buy.
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Please support the setup with your likes, comments and by following on Trading View thanks
i see the same but i think it will be contained in the channel
Bigdaddypippin
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In your opinon what do you see strengthening the pound to drag the dollar that high? Maybe with a new brexit deal, but until then
be hard for me to buy anything related to the sterling, just my thoughts.
Sarfaraz_Limbuwala
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My analysis tells me that it will go to all time low of 1.03 +/- 300 pips than to 1.7
ZulfadzliBinAbdulkarim
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i put a PO buy at 1.28600 and it triggered , and now just watcth the movement of CS to my TP level :D