Its clear that GBPUSD has started a strong upward movements and now the major trend has been reversed , for long term 1.30 could be the first target , for short term we have a bullish wave which will ends probably around 1.2330-1.2350 level , or it can ends from current levels if price reach 1.2210 level , we are on the last wave
All GBP will go down soon for...
As you see in the chart , we have 2 scenarios , the 1st scenario is going up and making new high on the daily chart 1.34 , 1.35 .
The 2nd scenario is going back again to 1.31xx before starting a new bearish wave to 1.27xx levels then start going up again to 1.35 levels .
What do you think ?
As i posted a week ago , GBPUSD will go down to complete the correction , now from the current levels 1.3040 -1.30 , the pair should go up on next 2 weeks with 1.36 , 1.37 as targets ! , targets should be reached before March 29 , if not , buy positions should be closed before that date .
According to my view , the pair will hits 1.37 before March 29 probably , W wave has been completed and now we are in the Y wave , probably will end at 1.36 , 1.37 levels.
1.3350 is good level to sell it with 1.3100 - 1.3050 as targets .
1.3050 is good support level for buyer , from this level i think will go to 1.37 so its good buying opportunity .