GBP Index chart: The Pound might be starting a long term uptrend
Updated
Just food for thought.
We have a confirmed uptrend signal after an extended sideways correction, coming off a significant low after a steep downtrend completion back in 2012.
The Pound could start rallying well into 2016 if this forecast isn't invalidated.
Similar to the Euro, I will only look for long opportunities in these pairs, unless the chart calls for a very good short.
Cheers,
Ivan.
We have a confirmed uptrend signal after an extended sideways correction, coming off a significant low after a steep downtrend completion back in 2012.
The Pound could start rallying well into 2016 if this forecast isn't invalidated.
Similar to the Euro, I will only look for long opportunities in these pairs, unless the chart calls for a very good short.
Cheers,
Ivan.
Trade closed: target reached
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