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GBPUSD: Temporary Reversal

Discussion in 'Technical Analysis' started by Kaitlin, Jan 22, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
    Likes Received:
    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.[​IMG]

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