Overview of GBPUSD
Hello Traders!
Welcome back to another post with Analyst Aadil1000x.
Previously we saw GBP falling like crazy and USD was crushing the value of GBP, but now we can see a strong recovery sign.
We can see it formed Expanding triangle at the bottom and break it towards the downside and it was the time to Long GBPusd.
Soon GBP will break the trendline and after breaking the trendline it's important to form expanding triangle for the big jump and most probably it will form. If not then we will see one more leg down before moving up.
GBP is aiming to break an old trendline which will be close to 1.80 figure. Not only that market will drop from that position.
Don't forget to hit the like button and follow to stay connected.
Welcome back to another post with Analyst Aadil1000x.
Previously we saw GBP falling like crazy and USD was crushing the value of GBP, but now we can see a strong recovery sign.
We can see it formed Expanding triangle at the bottom and break it towards the downside and it was the time to Long GBPusd.
Soon GBP will break the trendline and after breaking the trendline it's important to form expanding triangle for the big jump and most probably it will form. If not then we will see one more leg down before moving up.
GBP is aiming to break an old trendline which will be close to 1.80 figure. Not only that market will drop from that position.
Don't forget to hit the like button and follow to stay connected.
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.