kalliasalex

GBPUSD - Monthly analysis

Long
kalliasalex Mis à jour   
FX:GBPUSD   Livre sterling / Dollar américain
GBPUSD is in a monthly range (1,35-1,20) since early 2019. This configuration looks like a huge consolidation.

The chart pattern is very similar to a double bottom with RSI divergence confirmation, on the other hand it could also be a triple top (1,35).
However, both pattern on the upside breakout would lead to an exponentiel bull trend, after such time doing nothing in this range.

A strong impulsive move is expected at the break out of the range.

First target would be 1,45 and 2nd 1,50.

Commentaire:
Breakout of the range, should see some follow throught to 1,3740
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.