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VladimirRibakov

GBPUSD Forecast

Long
British Pound / U.S. Dollar (OANDA:GBPUSD)  
VladimirRibakov  
OANDA:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Support and Resistance Multiple Time Frame Analysis GBPUSD forecast buy Bullish Patterns keyresistancezone doublewave Trend Line Break Bullish Divergence
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trendanalysis supportandresistance mtfa gbpusd forecast buy bullish keyresistancezone doublewave trendlinebreak bullishdivergence
D1 - Price broke above the first key resistance zone formed by the 61.8% (1.28281) fibonacci expansion level of the big wave and the 100% (1.29986) fibonacci expansion level of the small wave and is holding above it.

Price still has room higher towards the next key resistance zone formed by the 100% (1.32888) fibonacci expansion level of the big wave and the 161.8% (1.34490) fibonacci expansion level of the small wave.

There are no evidences that show the current trend is over yet.

H1 - Double wave down with bullish divergence.

Price has broken above the most recent downtrend line.

Expecting further continuation higher.
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