GBP USD LONG
GBP USD we have broken a resistance level hourly.
First off hourly we have break of 17 ema and I'm looking to test the top of the weekly and possibly test the weekly wick top previous high.
So outlook for weekly is bullish
On 4 hour we have gained the support back of the 17 ema for a possible push up
On the hourly we have reached the lower end of the cloud support after previously pushing off the 222 ema.
Now the hourly retrace to the .786 fib level retrace of the previous push up and so with the cloud support and 4 hour 17 ema support I believe we will continue to push higher.
Also another reason to push up off of this support is the break of the trendline and overall outlook of uptrend of course.
Good luck!
First off hourly we have break of 17 ema and I'm looking to test the top of the weekly and possibly test the weekly wick top previous high.
So outlook for weekly is bullish
On 4 hour we have gained the support back of the 17 ema for a possible push up
On the hourly we have reached the lower end of the cloud support after previously pushing off the 222 ema.
Now the hourly retrace to the .786 fib level retrace of the previous push up and so with the cloud support and 4 hour 17 ema support I believe we will continue to push higher.
Also another reason to push up off of this support is the break of the trendline and overall outlook of uptrend of course.
Good luck!
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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.