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Next major movement of GBPUSD will be determined after price will decide which side of Triangle will be broken. After brake weekly average range will be reached.
Ridmantas's Blog
GBPUSD
Unfortunately GBPUSD did not print Average range neither day/week. However, int might be indicator that we it will go upside to broke the line after then only will be determined where it is going to move.
GBPUSD
After breakout price has changed main move of the week do downside, which represents targets 1.3080 and next one 1.2950.
GBPUSD
If new High of the week will be printed, than we might see full extension to up side which will represnet 250 points weekly range. However, if low of the week will hold, we will see new lows of the week , to test low of the month.
GBPUSD
For the upcoming week my GBPUSD positions will be long side. I presume that last few weeks average week range was very narrow, therefore this next week range should be above 250 points.
GBPUSD
Considering that main move of the week/ day is already UP side, I am looking GBPUSD pullback to enter in to a long position with SL bellow low of the day. In case my SL will be executed, next long place will be launched near low of the week.
GBPUSD
Perferct Intra Day long oppurtunity with stop loss just bellow low of the day. Target is is around 1.38 if main move of the week will be changed to upside.
GBPUSD
GBPUSD is near upper trendline moving very slow with lower than average daily and weekly ranges. Therefore I will look after for shorts bellow trendline, parallel with previous lower high.
GBPUSD
The GBPUSD has changed its main move of the week and month during Friday. I will be looking for long positions if price will return back to descent levels and wont change main move of the month to downside.
GBPUSD
Currently GBPUSD did not extend weekly range to upside, therefore it is highly expected that within tomorrow it will be extended to short or long side. Will be looking after this pair and jump in to any side offered.