Here on the GBPUSDcurrency pair i have reason to believe a long position will be very rewarding over the coming months. Based on my technical analysis
price has rallied for the bears over the past 3 years and due to recent changes in the economy as well as inflation
taking a toll on the DXY
, the bulls have now entered the market. My technical analysis
indicates that price has no returned to 23%-38% of the bearish
rally and is heading to recover even more. I even have the sights of $1.40-$1.60 in mind. Brexit will also [lay a major role in the coming trend changes I have predicted for the GBPUSD
. I must say this move will be exiting either way, Happy Trading , manage your risk and don't get caught on the wrong side of the board.
THe URban GeNius