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Stone_Haven

💡 GBPUSD: Analysis May 16

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Brittiska pund/Amerikanska dollar (OANDA:GBPUSD)  
Stone_Haven  
OANDA:GBPUSD   Brittiska pund/Amerikanska dollar
Trend Analysis Chart Patterns Technical Indicators GBPUSD gbpusdshort gbpusdlong gbpusdanalysis gbpusdsignal gbpusdtrade gbpusdsetup gbpusd_forecast gbpusdforecast
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trendanalysis chartpattern indicator gbpusd gbpusdshort gbpusdlong gbpusdanalysis gbpusdsignal gbpusdtrade gbpusdsetup gbpusd_forecast gbpusdforecast
GBPUSD extended the series of increasing prices, creating the strongest increasing day after yesterday. The D1 bar structure creates a bullish marubozu model reflecting good buying pressure. At this time, the price is located at an important resistance zone. An upside break from this price peak will help GBPUSD D1 establish an uptrend again.

GBPUSD H1 continues its uptrend with the establishment of a new high price peak. The steep slope confirms strong bullish momentum. Today's pullbacks will be an opportunity to buy GBPUSD H1 during the day.

💡Trend H1: GBPUSD increases.
Today trading idea: Buy GBPUSD.

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