VladimirRibakov

GBPUSD Short Term Forecast

Short
OANDA:GBPUSD   British Pound / U.S. Dollar
H4 - Price still has room higher towards the top of the bearish channel.

We had a first move to the upside and currently it looks like a correction is happening inside a bullish flag pattern

H1 - We had a strong support zone formed by the bottom of the bullish flag and the 100% fibonacci expansion level of the first wave we have.

Until this support zone holds my view remains bullish here in the short term.

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