GBPUSD is on her way up!
Forming a beautiful bullish channel, GU has been very respectful of price action in times of economic uproar. I expect price to reach 1.28500 slightly above the 61.8 before we see a retrace back to the 50 fib. A very common bear trap. Price will then push towards the next zone of resistance also known as the H1 Supply Zone.
Forming a beautiful bullish channel, GU has been very respectful of price action in times of economic uproar. I expect price to reach 1.28500 slightly above the 61.8 before we see a retrace back to the 50 fib. A very common bear trap. Price will then push towards the next zone of resistance also known as the H1 Supply Zone.