Get started
sumastardon

GBP USD: Sterling continues to build base at 1.20 prior to rally

Long
British Pound / U.S. Dollar (FX:GBPUSD)  
sumastardon Updated   
FX:GBPUSD   British Pound / U.S. Dollar
6
0
GBP USD Sterling is building a base at 1.20 prior to rallying further
Comment:
PS. Forgot to mention the 4 waves down followed by the 5th wave being a double bottom - another one!
Comment:
GBPUSD update - News of the election and certain May win has pushed Sterling right up to the first line of critical resistance at 1.27757 where we should take profits.
Eventually - maybe even tomorrow - this line will get broken but until it does I'm locking in profits and getting ready to go long again at 1.2810 for move up to 1.347
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.