GBP/USD – Week 21 – Aiming for a new top, but a drop is close.
As we anticipated in our last week’s outlook, GBPUSD gained strength and rose inside our ascending channel.
For this week, we expect the price to continue rising slowly, breaking the February high, before falling into a bearish move that will complete the bigger degree consolidation.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
For this week, we expect the price to continue rising slowly, breaking the February high, before falling into a bearish move that will complete the bigger degree consolidation.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
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