DanV
Long

GBPUSD - Looking for potential long entry

FX:GBPUSD   British Pound / U.S. Dollar
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2
Of the April low it seems GBPUSD have moved up in abc configuration and formed intermediate top around 1.56. Since it has retraced in abc move down which could bottom around 1.5. If so then it has the potential to surpass the last high at 1.56. The anticipated move up in GBPUSD could also fit in well with my view on DXY . See published chart for details, here is the link -

Comments

GBP is more supported versus EUR, so we prefer to stay short eur/usd
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Thank you DanV for this incredibly accurate pattern played. Would like to have you teach us more about this pattern. Sincerely, Beauty
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