GBPUSD Can the bullish momentum continue further ?
Diupdate
Hi everyone:
Also looking at GBPUSD for further upside moves.
Similar like most of the USD pairs, we are seeing a decline in USD strength, and after the FOMC news, all of the USD pairs had strong reversals.
Now looking at the price action on GBPUSD, price originally had a bearish impulse down, but failed to continue after breaking the previous lows. An indication of the bearish momentum is exhausted..
We then see on the LTF, there is a bullish reversal impulse, and breaking out of the descending channel structure on the LTF.
Price already made a continuation correction on the LTF after breakout, but I expect further upside as long as we are seeing more LTF bullish continuation corrections to bring the price up to the recent tops.
Thank you
Catatan
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.