Gbp-Usd :-
Gbp-Usd weekly chart shows current wave is [3] .Wave (1) of [3] is done.(2) of [3] can retrace near 0.382 and important resistance level of 1.6280 will be tested that is also a pitchfork resistance.On Daily chart it looks like B of (2) is developing as a triangle.There is a complex head and shoulder bottom on daily chart.1.5750 is neckline resistance.Breakout above is bullish.Price is now ranging in 200 pips.Use Bollinger Bands on H1 or M30 for intraday trades to trade the range.
Gbp-Usd weekly chart shows current wave is [3] .Wave (1) of [3] is done.(2) of [3] can retrace near 0.382 and important resistance level of 1.6280 will be tested that is also a pitchfork resistance.On Daily chart it looks like B of (2) is developing as a triangle.There is a complex head and shoulder bottom on daily chart.1.5750 is neckline resistance.Breakout above is bullish.Price is now ranging in 200 pips.Use Bollinger Bands on H1 or M30 for intraday trades to trade the range.