GBPUSD Gearing Up For Giant 350+ Pip Move! Confirmed.

10 Mar 2021

On the higher timeframe, GBPUSD is touching a bullish trendline. We recently saw support from the 200 EMA the past couple days, and could see a continuation of the upward movement towards the next zone (1.411-1.428). We have additional confirmation on the 4H chart in the form of a fib retracement that has hit the "golden zone" or 61.8-70%.

I will be looking on smaller 5-15M timeframes for a good entry at the price level right now.