GBP/USD H4 Technical Update

FX_IDC:GBPUSD   British Pound / U.S. Dollar
1158 1
After a successful A,B,C,D Daily playout on the pair it is now time to re-evaluate the sterling situation.

1.5350 Was acheived along with 1.5000! The fine work of Technicals, historical data and Fibonacci came together once again to
give us high accuracy confluences in order to take profit.

Currently awaiting the 3rd TL bounce around 1.5100 in order to take this pair short again with
1.4868 TP 1
1.4750 TP 2
1.4675 TP 3....

A weekly/monthly close below 1.4800 may ear the GBP/USD even lower to 1.4500!
keeping a close eye on this one as a lucrative opportunity may be around the corner..


Superb, no-nonsense analysis, as always. What are the 2 vertical white lines, though?
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out