GBPUSD: Still on an UPTREND....Good Buy signal on Weekly chart!!
Updated
Price of GBPUSD currency pair is still on a very strong uptrend. There is a very good buy signal on weekly chart with a confirmation ( There is DOUBLE U formation and a bullish candle just closed above it). A clear indication that the price is ready to move up.
On my analysis, I indicated that this pair is now on wave 5 as shown on the chart. so there is a very strong possibility of the price reaching 1.40000. So this is a long therm trade.
There is going to be a strong break out to the upside at 1.33700 area(where there is a strong resistance) and this will drive the price up to 1.40000 area.
On my analysis, I indicated that this pair is now on wave 5 as shown on the chart. so there is a very strong possibility of the price reaching 1.40000. So this is a long therm trade.
There is going to be a strong break out to the upside at 1.33700 area(where there is a strong resistance) and this will drive the price up to 1.40000 area.
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BUY NOW....Do your own analysis before you buy
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