GBPUSD daily outlook
Diupdate
Hi traders,
Keep an eye on this next week for upside. It looks like GBPUSD has completed a consolidation after a bullish impulse leg, so I expect upside in the form of a longer term 3 wave move. It could bounce off the swing low before the move begins.
I am expecting a 3 wave move, it could either break out and go straight to target alternatively it could bounce first before upside. Use your tested trading strategy for the buy. If you don't know where to enter or exit, you are not ready to trade live funds.
Regards,
Tom_Killick
Keep an eye on this next week for upside. It looks like GBPUSD has completed a consolidation after a bullish impulse leg, so I expect upside in the form of a longer term 3 wave move. It could bounce off the swing low before the move begins.
I am expecting a 3 wave move, it could either break out and go straight to target alternatively it could bounce first before upside. Use your tested trading strategy for the buy. If you don't know where to enter or exit, you are not ready to trade live funds.
Regards,
Tom_Killick
Catatan
Open showing minor weakness. The question is, will be bounce off the lows before the upside, or will the upside begin now? I guess we will soon all find out.Use a tested trading strategy before trading any live funds!
Catatan
Price action looks weaker today, I am expecting a bounce off the swing low before the next move up.Keep this on your watch list for the bounce and entry.
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