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Rayyan_2805

Possible BIG Move Incoming for GBPUSD (Long)

Long
British Pound / U.S. Dollar (FX:GBPUSD)  
Rayyan_2805  
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators GBPUSD gbpusdlong gbpusdsignal gbpusdanalysis gbpusdidea gbpusd_forecast signals accurate
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trendanalysis chartpattern indicator gbpusd gbpusdlong gbpusdsignal gbpusdanalysis gbpusdidea gbpusd_forecast signals accurate
Possible long for GBPUSD. Price has remained below the 200 EMA and 50 EMA indicating a short bias overall in the long term. We can see a strong trend line resistance crossing the chart and I believe this is where the price is heading towards in the next few days or even weeks, before it makes its move back downwards and carrying on the downward trend. The price has also hit a very strong support zone in which it is expected to bounce right up from. I have entered a trade with about 70 pips stop loss and around 230 pip the profit. Keep an eye out for updates. GBPUSD
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