livepips-forex

GBP/USD DAILY ANALYIS IS BULLS SEEMS INTERESTED

Длинная
FX_IDC:GBPUSD   Британский фунт / Доллар США
The price moves in an uptrend channel and the price was in consolidation phase since mid October before the strong Rally move..
But it was able to break-out early December and went on to hit Resistance level at 1.3540 and formed a Rally-Base-Rally and retrace to test the zone at the Demand zone..
As the Rally-Base-Rally continuation pattern is confirmed,The target is going to be the 6 months higher Resistance level at R 1.35040 which might turn into a new Supply zone in return...

P.S: compare your own analysis with mine in order to decide on trade..
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