Analysis of the GBPUSD on the weekly chart
First: He breached a downtrend
Second: According to Wyckoff, he is at the end of the consolidation phase and is preparing to launch to the ascending stage, with the next goals 1.40113 - 1.42411 - 1.46155
- 1.56908.
Third: If it breaks 1.34834, then its target is 1.25236, and this scenario is very weak and its true strength is to rise.
Second: According to Wyckoff, he is at the end of the consolidation phase and is preparing to launch to the ascending stage, with the next goals 1.40113 - 1.42411 - 1.46155
- 1.56908.
Third: If it breaks 1.34834, then its target is 1.25236, and this scenario is very weak and its true strength is to rise.