QuanYi
Short

GBPUSD to retest 1.59?

FX_IDC:GBPUSD   POUND STERLING / US DOLLAR
We are seeing a transformation of a trend channel into a gradual wedge on GBPUSD             . Higher highs and higher lows are seen in this pair. With bad US DATA, we can see a spinning top on the the last higher low candlestick. This signifies a fundamental and technical HUGE BUY on the Cable. This is a follow up on my previous idea. I do expect prices to reach 1.59 in the next week.

Comments and advice are greatly appreciated. This is purely my opinion on GBPUSD            

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