Upside Movement approaching on GBP/USD by ThinkingAntsOk
4H CHART EXPLANATION:
Price is on a bearish trend since March '19. It seems that this trend is finishing, since price started moving in a range with some indicators showing bearish weakness. Regardless the GBP vision, our technical analysis on USD pairs are also showing weakness on the Dollar, so this vision is supporting the long on GBP/USD. We will wait for confirmations to take long positions, such as the break of the imminent resistance zone.
MULTI TIMEFRAME ANALYSIS:
-Daily Vision:
-Weekly Vision:
Price is on a bearish trend since March '19. It seems that this trend is finishing, since price started moving in a range with some indicators showing bearish weakness. Regardless the GBP vision, our technical analysis on USD pairs are also showing weakness on the Dollar, so this vision is supporting the long on GBP/USD. We will wait for confirmations to take long positions, such as the break of the imminent resistance zone.
MULTI TIMEFRAME ANALYSIS:
-Daily Vision:
-Weekly Vision: