Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (1.3054). . if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis: . GBPUSD is in a range bound, and the beginning of an uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 64
Thx for posting. I'm still long from the right inverted shoulder. Put one more of my size ratio in at a test of the weekly harami or weekly double bottom. It appeared to me the last 3/4 weeks of downside was stuttered/corrective maybe even a W2, Cable often breaks rules, and would eventually make an impulse leg higher. My first target is 1.33. There was also nice synergy with GBP/AUD. Thank you also for posting GBP/AUD Trade. Wish everyone thats long happy hunting.
ForecastCity
⋅
@M-G, You're welcome! Thank you as well for your comment.
mikewill505
⋅
my indicators also show something similar...hopefully it plays out