GBPUSD, profitable week 4, how about week 5?GBPUSD moves as expected to week 3's analysis. The pair rise for the whole of week 4 and long traders get rewarded massively with the 200 over pips movement. The whole week should see no surprise for long traders and our analysis has been pointing towards to long movement for week 4.
GBPUSD is expected to consolidate for a while in week 5, and bull to regain the movement perhaps in the second half of week 5. There is a clear trend now in GBPUSD and its good to follow it rather than against it.
For week 5, it would be good to wait and see if a favorable price can present itself and take a long position for the longer term.
I hope you can continue to make a great profit for week 5!
If you have any thoughts on GBPUSD's movement for the coming weeks, please share them below, I look forward to learning and staying profitable together. Please help me like this analysis, and follow me for my weekly updates!
