GBPUSD bullish continuation idea (200+pips of potential)

19 апр. 2020 г.

Pound could continue next week its rise vs USD due global risk apetite which is continuing. 2 up legs have completed, last one got 50% retracement which indicates still fairly bullish demand for pound. Pound being the most attractive after Aussie in risk on sentiment is giving us new long opportunities. This could be the last wave (1-3/2 ew analysis) for pound, and could go towards higher levels such as 1.28 pivot giving us 300 pips of potential.