ProficientForex

GBPUSD – is completing the first uptrend

Long
FX_IDC:GBPUSD   Livre sterling / Dollar américain
With the breaking out of the downtrend line in the weekly chart, the Ending Diagonal pattern has been completed and the price is completing the first uptrend in the daily chart, which can be extended up to the target of 1.3948.
In addition, we must note as long as the price does not cross the range of 1.4377, we cannot comment on the uptrend with certainty.
in continuation, you can see the wave count structure in the 240-minute chart

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.