Long

GBPUSD/ Long term forecast

Updated

In the monthly and weekly time frames GBPUSD is bullish till TP 1.48! Who knows? It is just a forecast from a armature trader, not a trending signal.

Trade closed: target reached

Update: The price reached the first target on the uptrend. My targets are between 1.2929 to 1.2950. I am waiting for the sell position around 1.2950

Comment

12/07/2023: Monthly SL changed to 1.1740
Possible downtrend (retracement) to 1.19 / 1.1850

Trade closed manually

I closed my buy positions and I have currently just sells and I will keep these sell positions for weeks/months until I get confirmation of changing the trend. I think it is now downtrending and the price may drop significantly and even go below 1.0. All is possible in the market.

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