I see GBPUSD personally reaching around 1.12000 before either taking out the low created in 85 or starting to reverse and the GBPUSD getting stronger. This correlates with the DXY and my expectations of the dollar getting slightly stronger before falling in value. The dollar is currently insanely inflated and should be getting weaker. Just goes to show that technicals are > than fundamentals everything you need is the candlesticks, learn to read and identify patterns that repeat themselves over and over again and you have a powerful edge
When the dollar begins to fall and the GBP starts to rise it may come as a suprise to people but the charts have been saying this for a long time
Comment
⋅
There may be pullback or ranging price action before this level is hit but this BC will be hit at some point
Comment
⋅
With the DXY currently being insanely over bought and GBPUSD pretty much reaching the area discussed, we may see price trade a bit lower with the USD gaining slight strenght until it all pops and the USD begins to fall in value. Expect the GBP to get stronger!
Comment
⋅
Low of the year of GBPUSD has now been set GBP continue to get stronger whilst the USD falls in value all because of some "news", you could see what was gonna happen just in the candlesticks alone, no need for fundamentals