SHORT-TERM:BUY ; LONG-TERM BEARISH
Hello family,
Previously, I said that GBPUSD will fall.It has fallen! I hope you made profits. What next?
Price ended the Week in a right shoulder of an inverted head and shoulder according to the Weekly chart. I expect price to begin going up for a short term, back into 1.24400-1.266000 zone. This move is worth the risk because it may give approximately 500pips upwards. It will then start the biggest fall of the year back into 1.137000-1.034000.
God bless you
Previously, I said that GBPUSD will fall.It has fallen! I hope you made profits. What next?
Price ended the Week in a right shoulder of an inverted head and shoulder according to the Weekly chart. I expect price to begin going up for a short term, back into 1.24400-1.266000 zone. This move is worth the risk because it may give approximately 500pips upwards. It will then start the biggest fall of the year back into 1.137000-1.034000.
God bless you