GBPUSD UPDATE NEW TARGET 3150 DAILY CHART

THIS IS AN UPDATE FOR NON-MILLENIALS AND NOT FOR SHIT-COIN TRADERS WEARING DUNCE CAPS.

3150 IS YEAR PIVOT FOR GBPUSD WHILE 2000 WAS YEAR S1 LEVEL. WE HAVE A STRONG DOUBLE BOTTOM ON BOTH
WEEKLY AND MONTHLY PRICE CHARTS.

BUY DIPS AFTER US-CHINA SHENANIGANS EARLY NEXT WEEK. WHATEVER WE GET JUST LOAD UP ON BUY SIDE YOU WON'T REGRET IT.

OVER 120 BLN USD OF CALL OPTIONS EXPIRE ON 8TH OF NOVEMBER STRIKE ARE 2950 3100 3150.

WE ARE GOING UP FELLAS, BUCKLE UP.

Comment:

AN UPDATE IS DUE.
REVISED TARGET FOR BULLS IS 3000. IT'S STILL 350 PIPS AWAY FROM CURRENT BID PRICE. MAYBE WE GET A BETTER DIP BUYING SETUP NEAR 2600 SOME TIME THIS WEEK.

HOWEVER KEEP IN MIND. ONCE WE HIT 3000 BEFORE 31ST THEN THINGS COULD GET REAL UGLY. I CAN'T RECOMMEND HOLDING BEYOND 3000 AND BEYOND 31ST OCTOBER. ANYTHING CAN HAPPEN THEN REGARDLESS OF THE CURRENT STATUS. WE CAN EITHER DUMP OR PUMP 500-1000 POINTS (PIPS).

TAKE CARE AND GOOD LUCK, TRADERS!

Comment:

conservative target likely met for bulls @ 2880 today.
Right now very likely we get a pullback 2880-2600.
take care and get ready to buy dips later.