Gpbusdforecast
GBPUSD : Same faith as yesterdays EURUSD ?GBPUSD is sitting at its daily resistance without much movement the past few days. Of course there is a lot of resistance at that 1.30 spot (just like EURUSD had one at 1.10)
If it goes through, it may explode for 100 pips upwards. This can be all EURUSD that we saw just yesterday. RSI is a buy and MACD saying this also.
Let's see how it goes. (Don't forget that weak US Dollar!!)
Be safe!
GBPUSD DAILY IMPULSE SUBDIVIDED - 1H CHART Hey guys,
Here's the other analysis I have been studying. GBPUSD
We have broken the daily ABCDE triangle, you can look at my past analysis linked to this idea.
Now we have a new downtrend impulse so we want to look for a sell.
We may have an expanded flat already over at the 0.382 Fibo and then we can trade the next flag or we could still have a zigzag correction until the 0.618 Fibo and then down.
Watch for both moves, I will update this idea with my final decission on the sell.
Carlos