From the technical view:
1. From the Monthly perspective, the price created an impulse to the upside with the proper retracement, and now it continue create a new impulse to the upside. continue the bullish market from the longer term perspective.
2. From the Weekly perspective, we have clear impulse to the upside, follow by a proper retracement, now we can expect continuation to the upside.
3. From the Daily perspective, the price action is more to the bearish bias, but we may have potential inverted HNS will be formed, if the daily candle will close with a equal high.
From the fundamental view:
1. Big players are bullish bias on GBP in the both long term and short term
2. In the new report, more than 8.3k of short position closed on the GBPUSD and bringing the net position increased to 36,082 from the ordinary 21,118.
3. Combining with the TA and FA, we can expect GBPUSD will move to the upside.
How to approach GBPUSD?
1. Waiting for the proper IHNS pattern formed on the daily timeframe. After that, we can look for a long opportunity on the lower timeframe, if your rules of the strategy are fulfilled.
2. Just long at the moment is not a good idea, because currently we are sitting in the daily resistance level.
The result might not follow my analysis, this analysis is based on the TA & FA perspectives.
Comment down below let me know your view on GBPUSD or which pairs you would like to me analyze in the future.
Kindly visit my profile and get more free analysis every single day.
1. From the Monthly perspective, the price created an impulse to the upside with the proper retracement, and now it continue create a new impulse to the upside. continue the bullish market from the longer term perspective.
2. From the Weekly perspective, we have clear impulse to the upside, follow by a proper retracement, now we can expect continuation to the upside.
3. From the Daily perspective, the price action is more to the bearish bias, but we may have potential inverted HNS will be formed, if the daily candle will close with a equal high.
From the fundamental view:
1. Big players are bullish bias on GBP in the both long term and short term
2. In the new report, more than 8.3k of short position closed on the GBPUSD and bringing the net position increased to 36,082 from the ordinary 21,118.
3. Combining with the TA and FA, we can expect GBPUSD will move to the upside.
How to approach GBPUSD?
1. Waiting for the proper IHNS pattern formed on the daily timeframe. After that, we can look for a long opportunity on the lower timeframe, if your rules of the strategy are fulfilled.
2. Just long at the moment is not a good idea, because currently we are sitting in the daily resistance level.
The result might not follow my analysis, this analysis is based on the TA & FA perspectives.
Comment down below let me know your view on GBPUSD or which pairs you would like to me analyze in the future.
Kindly visit my profile and get more free analysis every single day.