JTMuncaster
Long

Start of an uptrend GBPUSD

FX:GBPUSD   British Pound / U.S. Dollar
After a large bear trend from July 2014, with 4 impulse waves, there was consolidation between 1.277-1.2 . This was the longest correction wave. The breakout from the trend line on 17/4/2017 and the triple bottom is textbook reversal signs. GBPUSD has now shown higher highs and higher lows twice, so I would get long for another wave up. Using cyclic lines, it shows that the beginning of 2019 is an area potentially for another reversal, which ties in with Brexit. Fundamentally, with the on goings of Trump and North Korea's missiles USD seems unstable, making it unattractive for investors at the moment.
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