VladimirRibakov

GBPUSD Short Term Forecast

Long
OANDA:GBPUSD   British Pound / U.S. Dollar
D1 - The price which is moving higher has broken above the first key resistance zone formed by the 61.8% (1.28281) fibonacci expansion level of the big wave and the 100% (1.29986) fibonacci expansion level of the small wave and is holding above it.

The price still has room higher towards the next key resistance zone formed by the 100% (1.32888) fibonacci expansion level of the big wave and the 161.8% (1.34490) fibonacci expansion level of the small wave.

H4 - Until the key support zone shown in the chart holds my short term view remains bullish here.
Comment: The price moved higher as per my analysis in the short term!