1. Hello Guest Do you know binary.com offers exclusive $20 No Deposit Bonus for FX Binary Point visitors? Click here to sign up

GBPUSD : Temporary Reversal

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Jan 22, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Joined:
    Sep 1, 2015
    Messages:
    4,021
    Likes Received:
    1
    Finally, GBPUSD turned sharply to the upside yesterday from 1.4080 where pair completed a wedge pattern down in red wave 5) that predicted a bullish turn before it happened. So far, this was a strong reaction higher with nearly 160 pips on intraday level which looks like a small impulse. As such, we assume it's wave A) as part of a minimum three wave rise. That said, we expect to see more gains ahead, possibly up to around 1.4342-1.4445 area in days ahead. Once this zone is achieved we again

    Continue reading...
     

Share This Page