02:10GMT Long-term GBPUSD pattern

02:00GMT Good Morning friends, GBPs showing a good UP trend since yesterday - expecting a small reversal and then continue UP again once EU session starts. EURs meanwhile did a small UP but it looks more into DOWN trend for atleast short-term.


Hi Jeeson, what are thinking of gbpusd? you showed a channel which shows, gbpusd has clearly broken it but 1300gmt, you said gu was suppose to drop down? Please clarify. Thanks
ReplyDeleteYeah GBPUSD has to drop ateast 100-150 pips to gain another 300 pips UP strength. I was expecting it yesterday during session close but looks like the drop is on hold at this moment - probably there will be 100 pips UP now and then consolidate on the same. Range 1.52-53 is target.
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