An ideal position may develop for GBPUSD
If the price can rise up to 1.27484 to 1.27686, based on the following analysis, it can have a good return:
1- Elliott wave analysis which includes 5 complete waves.
2- Fibonacci retracement point analysis.
3- The stock is in the overbought area.
4- Trend line in daily time.
This is my analysis that you can see in the chart. Good luck.
1- Elliott wave analysis which includes 5 complete waves.
2- Fibonacci retracement point analysis.
3- The stock is in the overbought area.
4- Trend line in daily time.
This is my analysis that you can see in the chart. Good luck.