GBP/USD Ready To Run To New High …
The Charts Can Teach us About gbpusd Further Move
On all my posts I was talked on the long term moves and try to Draw conclusions for the future on this pair , we got the bounce and now my assumption is : scenario will be complicated and you need to be ready for a lot of movements on the GBPUSD ,if 1..3860-1.3940 area will hold so the next target will be at 1.42-43 area and even higher to 1.50, from the other side break down again 1.3070 will confirm more downside to 1.30 – once 1.28 break down this level
Break of 1.3278 resistance indicates that this rise could take gbp usd to 1.3480 area resistance and above. Upside should be limited by 38.2% retracement of 1.5016 to 1.2794 at 1.3643(also there is open gap there). On the downside, below 1.3058 support will turn bias back to the downside for retesting low.
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