Will GBPUSD surge from this corrective wave?
GBP/USD has started falling since September. It's taking potential reversal from descending resistance trendline. Currently, this pair is into the descending triangle pattern. That's a consolidation area. Hence, we may see continue the sideways movement here.
Breakdown of descending triangle or hurdle indicating sell confirmation. That means GBPUSD will pushback to 1.2726 & 1.2676 levels.
And upper breakout will hard-hit on the current trend. It will fly till the 1.3020 to 1.3160 target prices.
The day traders can keep buying/selling between the consolidation area but get ready for the above targets after a breakout of the descending triangle pattern.
Breakdown of descending triangle or hurdle indicating sell confirmation. That means GBPUSD will pushback to 1.2726 & 1.2676 levels.
And upper breakout will hard-hit on the current trend. It will fly till the 1.3020 to 1.3160 target prices.
The day traders can keep buying/selling between the consolidation area but get ready for the above targets after a breakout of the descending triangle pattern.
Trade stängt: målet nått:
All target of GBP/USD has reached.
Pips 160+
Pips 160+