From recent news it seems that UK and US will commence raising interest rates in the near future. News in either country will cause some rallying.
GBP/USD has fallen quite significantly over the past few months and seems to be reaching a temporary bottom. Retracing seems imminent. Once prices move above the diagonal trend line it is likely to find the level of the first or even second Fib level.
Plan: Long GBP/USD with Stop loss at recent Low.
GBP/USD has fallen quite significantly over the past few months and seems to be reaching a temporary bottom. Retracing seems imminent. Once prices move above the diagonal trend line it is likely to find the level of the first or even second Fib level.
Plan: Long GBP/USD with Stop loss at recent Low.