week 16 (14-18 Apr) trade signals: GBPUSD ready to test 1.7000

British Pound / U.S. Dollar (FX:GBPUSD)

FX:GBPUSD British Pound / U.S. Dollar

I think GBPUSD is technically ready to challenge 1.7000 soon. GBPUSD could now be in Elliott wave 4 corrective mode. When the corrective wave 4 is complete, wave 5 should be able to go to new highs to test the highly psychological round number resistance of 1.7000.

Long GBPUSD 1.6680-90
SL 50pips
TP near 1.7000

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