GBPUSD, ranging for week 14, expected rise in Week 15

GBPUSD moved into bullish level 1 in Week 14, however, it went back down to create a new low for the bullish level 1 towards the end of Week 14, which would have flushed all the profit that long traders made early in Week 14.

Week 14 would be a good week for traders who take both long and short positions, largely the day and swing traders. The moves are quite substantial with each rise and drop about 150 pips.

I believe many traders would have profited from the range of GBPUSD in Week 14.

In Week 15, I would be going in long, and looking for GBPUSD to rise up to a bullish level 3!

I hope all traders will continue to have a profitable week. Please like and follow if my analysis helped you!