rolledup

GBPUSD range trade going forward.

FX:GBPUSD   British Pound/U.S. Dollar
30 0 0
The drop from 1.59 looks corrective, which means more upside is expected. However since the low we made last week, we haven't find any encouraging impulsive structure to support a upside bias. Especially today, given the broader USD weakness after gap, the strongest candidate of dollar bears sterling failed to break out its range in late US trade. Given the trading condition we are in and the wave count, More flat-ish consolidation is most likely. And we need to make another dip to 1.556 area to find a potential starting point of impulsive leg up.
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out