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Gbpusd_forecast

GBPUSD, Fundamentally Driven Pair..!As salam alaikum Critical Zone 1.375 seems to be M,W,D rejection point. Still trapped in Rising Wedge on W,M TF. We can see another Bearish Channel on D TF. 1.375 seems to be rejection zone as consolidation can still be seen but the way F.A are playing, We can expect strong bullish movement. F.A Review: Despite Dollar strength , GU is pretty much bullish as BOE has declared Negative Interest Rate plus the vaccination rate has also been increased.
by wickywicks
3
Misleading and mixed 3-wave patterns In the 240-minute chart, the structure of all waves is in triple format, which indicates the end of the existed trend. Previously, there was the possibility, that the Diagonal pattern completing in the range of 1.3736, but with price retracement and the created uptrend, it is possible, this pattern at wave C from point iii forming a Diagonal pattern. According to this scenario, the uptrend can be extended up to the range of 1.3795, and in case, it just goes below the range of 1.3562, we can be hopeful for a downtrend formation.
by NirmataFX
1