avraamdemetriades

avraamdemetriades

GBPUSD is on her way up! Forming a beautiful bullish channel, GU has been very respectful of price action in times of economic uproar. I expect price to reach 1.28500 slightly above the 61.8 before we see a retrace back to the 50 fib. A very common bear trap. Price will then push towards the next zone of resistance also known as the H1 Supply Zone.

avraamdemetriades

GBPUSD has formed a beautiful bullish channel and is on it's way to a strong supply zone. On it's path we will see a retrace slightly above the 61.8 before the next bullish wave pushes it back up.