HomeContributorsTechnical AnalysisGBPUSD Trading At The Start Of A Big Bullish Impulse

GBPUSD Trading At The Start Of A Big Bullish Impulse

Cable is turning nicely up since start of the month, when pair most-likely completed a deep and complex corrective retracement from February highs down to 1.2110 level. It was a double three pattern that is now finished after a nice recovery back above 1.2384 bullish level, where overlap with wave A and break out of a downward channel confirms a reversal. As such, we will look for even more upside in days ahead, but in the mean-time we still need to be aware of a corrective set-back in wave 2 that may find a support at 1.2300 zone.


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