monetae_anon

Watch the pound as we jump the channels

monetae_anon Updated   
FX:GBPUSD   British Pound / U.S. Dollar
The Pound is showing great strength in the short-term Vs. the Dollar.

The orange parabola indicated the momentum and direction has changed, which is confirmed by the breaking of the downwards resistance (red-line)

Therefore, we expect the pound to rally over the coming days - jumping between upward channels whilst utilizing them as a basis of support.

Therefore when trading take time as an important parameter to estimate which channel will act as the support.


Please like & follow for the support.

Yours Sincerely,
Anon. Scholar

Comment:
Long-Target No.1 achieved - GBP looking strong!
Comment:
Nearly reached Long-Target No.2 !
Trade closed: target reached:
Long-Target 2 Reached! Trade Closed.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.