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Blessing_Ehiem

GBPUSD SHORT TERM BULLISH 4HR

Long
British Pound / U.S. Dollar (PEPPERSTONE:GBPUSD)  
Blessing_Ehiem Updated   
PEPPERSTONE:GBPUSD   British Pound / U.S. Dollar
Technical Indicators Wave Analysis Trend Analysis
3
0
indicator waveanalysis trendanalysis
At the time of this analysis, GBPUSD is currently at 1.24371. We are expecting it to go higher in price and reach the targets below;

FIRST PRICE TARGET: 1.26571
SECOND PRICE TARGET: 1.27603
STOPLOSS: 1.23280

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Comment:
If price holds at 1.23516, we are going to see an bullish move on the GBPUSD. If this condition is not met then price can potentially break down to commence a bearish trend below this price point. Watch out for price action before you take a position on this trade setup.

snapshot
Comment:
We can see trend approach a price support level of 1.22766. A breakdown, at this level, will confirm a change of trend to the downside. If this support level holds, then we will see a bullish move in the GBPUSD. Take a position only at price action. Happy trading.

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snapshot
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