GBPUSD - BUY IDEA
The GBP/USD chart on the 30-minute timeframe indicates a potential long setup. The price seems to have completed wave (4) and is positioned for a move higher, targeting wave (5). The possible Fibonacci extension levels suggest that wave (5) could reach either the 1.0 extension at 1.33633 or the 1.618 extension at 1.35201.
This suggests a bullish outlook for GBP/USD in the near term, with potential targets at the mentioned Fibonacci levels. Traders might look for confirmation of the upward move before entering long positions, aiming for these levels as potential profit targets.
This suggests a bullish outlook for GBP/USD in the near term, with potential targets at the mentioned Fibonacci levels. Traders might look for confirmation of the upward move before entering long positions, aiming for these levels as potential profit targets.
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.
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.