GBPUSD ON A STRONG UPWARD MOVE TO 1.3494
Looking at the Daily Time frame, you see the GBPUSD Pair has been moving on a steady bullish channel since January 3rd 2019 after the major Sell end the bearish trend as we can see that the pull back Push the price to break the 50EMA and 150EMA.
Plotting a Fibonacci level on the chart you will see that the Monday Bullish Cnadlestick bounce off the 61.8% Fibo level, off the lower trendline of the bullish channel and off the 50EMA and 150EMA. I can See the Price go as high as touching 1.3494 before any major pull back. First Target 1.3318, then 1.3494
Bias : BUY @ CURRENT PRICE 1.3190 SL 1.3098
Plotting a Fibonacci level on the chart you will see that the Monday Bullish Cnadlestick bounce off the 61.8% Fibo level, off the lower trendline of the bullish channel and off the 50EMA and 150EMA. I can See the Price go as high as touching 1.3494 before any major pull back. First Target 1.3318, then 1.3494
Bias : BUY @ CURRENT PRICE 1.3190 SL 1.3098
כתב ויתור
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