GBPUSD has been ranging for almost 2 months after the completion of a motive wave.
The market has ranged and completed multiple waves and it seems to have completed an ABC correction.
2 months worth of consolidation is pretty extensive and thus the belief that a trend is coming soon.
So here's a fair amount of reasons for traders to buy GBPUSD again, while at the same time, the market is moving towards tho 200MA for a retest in the weekly timeframe.
The market has ranged and completed multiple waves and it seems to have completed an ABC correction.
2 months worth of consolidation is pretty extensive and thus the belief that a trend is coming soon.
So here's a fair amount of reasons for traders to buy GBPUSD again, while at the same time, the market is moving towards tho 200MA for a retest in the weekly timeframe.
