GBPUSD Forecast
D1 - Price broke above the first key resistance zone formed by the 61.8% (1.28281) fibonacci expansion level of the big wave and the 100% (1.29986) fibonacci expansion level of the small wave and is holding above it.
Price still has room higher towards the next key resistance zone formed by the 100% (1.32888) fibonacci expansion level of the big wave and the 161.8% (1.34490) fibonacci expansion level of the small wave.
There are no evidences that show the current trend is over yet.
H1 - Double wave down with bullish divergence.
Price has broken above the most recent downtrend line.
Expecting further continuation higher.
Price still has room higher towards the next key resistance zone formed by the 100% (1.32888) fibonacci expansion level of the big wave and the 161.8% (1.34490) fibonacci expansion level of the small wave.
There are no evidences that show the current trend is over yet.
H1 - Double wave down with bullish divergence.
Price has broken above the most recent downtrend line.
Expecting further continuation higher.
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