GBPSEK: Channel Up on 1W. Long term Buy opportunity.

Largo

BRITISH POUND / SWEDISH KRONA (FX_IDC:GBPSEK)

FX_IDC:GBPSEK BRITISH POUND / SWEDISH KRONA

trendanalysis chartpattern indicator gbpsek gbp sek britishpound swedishkrona forex currency currencies

The pair is trading within a 1W Channel Up (RSI = 71.320, MACD = 0.168, Highs/Lows = 0.2551) since the start of the year. Recently a new aggressive bullish leg has been initiated on 1D (RSI = 70.181) which aims at a new Higher High for the Channel within 13.2000 - 13.3000. Note that the very same 1W Channel Up was traded from September 2017 - April 2018.

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