GBPUSD broke again above the very important blue support line, meaning it could be extended with a monthly correction. Then, the weekly correction will be an extended pattern, and after testing that blue support line again, if you get strong support, the monthly correction process of the weekly bullish pattern will appear.
Today, there will be a buy opportunity in the 4-hour demand zone, followed by a 4-hour uptrend. In the end it will be like a scenario unless the daily uptrend is broken. However, when the correction trend line of the daily rising wave is broken, the pattern changes and the scenario needs to be corrected.
Today, there will be a buy opportunity in the 4-hour demand zone, followed by a 4-hour uptrend. In the end it will be like a scenario unless the daily uptrend is broken. However, when the correction trend line of the daily rising wave is broken, the pattern changes and the scenario needs to be corrected.