Weekly reviews

GBPUSD

Analysis method - “Trend Potential”

GBPUSD

Analysis method - “Trend Potential”

GBPUSD

Analysis method - “Trend Potential”

GBPUSD

Analysis method - “Trend Potential”

GBPUSD

Analysis method - “Trend Potential”

GBPUSD

Analysis method - “Gann Swings + Price Action” November 3, 2018

GBPUSD

Development of downswing continues, which is aimed at the structure’s low 1.2661. According to actuality of mid-term downtrend, there is a high probability of further quotes’ decline.

GBPUSD

Bulls are incapable of doing something so far, market again closed very low, that may drive either to flat continuation in the range of last swing (1.2935-1.3300) or to decline of the current swing low (1.2935).

GBPUSD

Development of upswing continued. The structure’s high 1.3297 is located very close. In case of break above, an upward reversal of the trend will be performed, that will create premises for more intensive recovery of the pound in direction of the 1.3500 area.

GBPUSD

Sharp cut of the swing tells about high probability of trend upward reversal and, correspondingly, start of new upswing, which target will be the high 1.3300.