I think GBPUSD is technically ready to challenge 1.7000 soon. GBPUSD could now be in Elliott wave 4 corrective mode. When the corrective wave 4 is complete, wave 5 should be able to go to new highs to test the highly psychological round number resistance of 1.7000.
Long GBPUSD 1.6680-90
SL 50pips
TP near 1.7000
Long GBPUSD 1.6680-90
SL 50pips
TP near 1.7000
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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.