#GBPUSD, Time to change direction?
After 500 pips of rising on the pound are it time to sell?
In the weekly chart, the Pound was stopped just in opposition to the Ichimoku (Tenkan Sen) red line.
The last weekly candle closes in the shape of a star that can symbolize a trend change provided the next candle is indeed red (we are currently heading in that direction).
Target: 1.2380
In the weekly chart, the Pound was stopped just in opposition to the Ichimoku (Tenkan Sen) red line.
The last weekly candle closes in the shape of a star that can symbolize a trend change provided the next candle is indeed red (we are currently heading in that direction).
Target: 1.2380
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.