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GBPUSD: Still on an UPTREND....Good Buy signal on Weekly chart!!

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Price of GBPUSD currency pair is still on a very strong uptrend. There is a very good buy signal on weekly chart with a confirmation ( There is DOUBLE U formation and a bullish candle just closed above it). A clear indication that the price is ready to move up.

On my analysis, I indicated that this pair is now on wave 5 as shown on the chart. so there is a very strong possibility of the price reaching 1.40000. So this is a long therm trade.

There is going to be a strong break out to the upside at 1.33700 area(where there is a strong resistance) and this will drive the price up to 1.40000 area.
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BUY NOW....

Do your own analysis before you buy

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.