Weekly reviews

GBPUSD market technical outlook

GBPUSD

Analysis method - “Gann Swings + Price Action” June 9, 2018

Weekly chart: Upswing has started. Nearest strong pivot zone is 1.3658-1.3710. But, it can be supposed, that this move will be a part of the swing towards 1.4335 area, where there is a mid-term shorts area within bearish pattern O&U (watch the dotted line).

chart

Conclusions: Growth in direction of the 1.3658-1.3710 area.

Trading recommendations: Longs towards 1.3658-1.3710.