The GBPUSD looks to be completing an ABC pattern. At around 1.283 we have the AB=CD level where we are expecting to see some signs of supply entering the market. If prices break and close strongly above 1.283 we will be looking towards 1.300 zone which represents the 1.27 AB=CD.
Expecting the market to wave upwards so as long as prices remain above 1.2400, we will be looking for buy signals on pull backs until we arrive at the 1.277-1.283 zone.
Expecting the market to wave upwards so as long as prices remain above 1.2400, we will be looking for buy signals on pull backs until we arrive at the 1.277-1.283 zone.