GBPUSD is breaking two Kijun levels, the Daily KS and the Weekly KS (green line). The Lagging Span (orange circle) still has to cross a Weekly KS level as well.
On confirmation, next logical target will be the recent high at 1.3750. GBP pairs in general have a strong potential for a durable bullish trend.
Tomorrow BOE monetary policy, expect volatility.
Glossary :
TS = Tenkan Sen | KS = Kijun Sen | LS = Lagging Span/Chikou Span
DLY = Daily | WLY = Weekly | MLY = Monthly
TL = Trend Line | TP = Take Profit | SL/INV = Stop Loss / Invalidation | TF = Timeframe
** THIS ANALYSIS IS MY OWN OPINION AND IS NOT A TRADING OR INVESTMENT ADVICE. **
On confirmation, next logical target will be the recent high at 1.3750. GBP pairs in general have a strong potential for a durable bullish trend.
Tomorrow BOE monetary policy, expect volatility.
Glossary :
TS = Tenkan Sen | KS = Kijun Sen | LS = Lagging Span/Chikou Span
DLY = Daily | WLY = Weekly | MLY = Monthly
TL = Trend Line | TP = Take Profit | SL/INV = Stop Loss / Invalidation | TF = Timeframe
** THIS ANALYSIS IS MY OWN OPINION AND IS NOT A TRADING OR INVESTMENT ADVICE. **
Note
Testing the Weekly KS breakout : Note
Re-test of the Weekly KS breakout by the Lagging Span :
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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.