GBPUSD long
Comparing the fundamental aspects of GBPUSD, we see that non-commercial traders have been advancing long orders for the past three weeks, reducing their short position by about 11,000 orders two weeks ago.
On a technical basis, down trend channels are clearly broken. The existing daily resistance has broken down and I conclude that a direct gain of 200pip is possible due to the clear wolf wave pattern
On a technical basis, down trend channels are clearly broken. The existing daily resistance has broken down and I conclude that a direct gain of 200pip is possible due to the clear wolf wave pattern
Trade closed: stop reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.