We are seeing the first break of a high since early Nov. As buying comes in, expect to see price to reach 1270 -1275 level.
Since October, OBV has been trending up and likely to continue during first quarter of this year to the least. Still bullish on the pound despite all uncertainties thrown out over the media.
Watching closely for a price break above 1.7777 to go long. Next stop will be the test of Sep'16 high of 1.8300. Also see my other post on GBPUSD. Thanks.
Potential for big upside!
Could also see price falling briefly below 1200 this week and then buying strength gonna show up after that. Likely to see a strong push to $1300 and then to $1350 when 1200 level is broken.
With the trendline broken, wait for a slight pullback or enter long above 1.6110
Buying around $29 - $31 will be a nice entry level.
Likely to retest 1.097 level.
Downward ABCD move is completing. Could see strength coming at above 15.20 level or see slight pullback toward the trendline and then move up.
Upside move will continue to push further as soon as price breaks 78.20.
Ready for a break to upside. Near term could see slight pullback for a nice buy entry. Price will move quickly once 128.1 is broken.
Impulsive moves in the background - expect Aussie to reach 0.7779.
Pound is setting for a pounce to the upside. Once the price breaks above 1.230, I expect there will be a strong momentum to move rapidly to the target high.
Have to pass this recent uptick for now as sellers are still active in the background. Will place my long entry when gold reaches 1220.
Need to see price breaking and close above 1.2300 level to indicate a potential reversal. Not a right time now to initiate a long position - need to see buyers entering.
C leg completing. Nice setup for short position
Reentering on a pullback. Still has significant upside to 3.420. Trade setup formulated by Sudden Upswing Pre-Alert System™ * Created uniquely by SureFire Trader * Uses powerful algorithms and very own Tilted Libra-Scale™ wave pattern recognition method to discover price breakouts.
Entered during mild pullback Will ride this to $120.