GBPUSD - Daily continuation + Weekly relief rally soon!
Technical Analysis (TA)
Weekly Chart is showing early signs of a reversal with the momentum indicators and there is a high probability of a relief rally to 1.24 to 1.28.
The daily chart is showing signs of a continuation play with a breakout entry above 1.227 The momentum are holding the trendline and do not look overbought.
Price Target
Entry: 1.227
Target 1: 1.2 (1.25%)
Target 2: 1.285 (+4.35%)
Weekly Chart is showing early signs of a reversal with the momentum indicators and there is a high probability of a relief rally to 1.24 to 1.28.
The daily chart is showing signs of a continuation play with a breakout entry above 1.227 The momentum are holding the trendline and do not look overbought.
Price Target
Entry: 1.227
Target 1: 1.2 (1.25%)
Target 2: 1.285 (+4.35%)