Pound Still Mighty From Dollar Sway
At analysis chart GBP USD H4 above, the price is driven up by the rise of bullish reversal confirmation (orange circle) yesterday. There is a tendency to continue rising to the top of the NenStar harmonic pattern projection (blue line), so that trends will complete forwarding towards the point D.
I suggest to open a buy position in the 1.3040 area, because the H4 continuous bullish candlestick confirmation (orange circle) appears. Profit targets sell in the 1.3140 or 1.3200 area, of course as usual there will be resistance from the buyer. Stop Loss can be in the area of 1.2990.
I suggest to open a buy position in the 1.3040 area, because the H4 continuous bullish candlestick confirmation (orange circle) appears. Profit targets sell in the 1.3140 or 1.3200 area, of course as usual there will be resistance from the buyer. Stop Loss can be in the area of 1.2990.
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