Expected in fall in the value of the dollar based on movements from the dollar index.
Monthly time frame shows strong bullish momentum exiting early 2017 consolidation zone with strong rejections of the monthly level as illustrated with the bullish hammer.
Concurring with this bullish bias, the weekly time frame shows a upward moving slope also giving hint to buy trades and the trend is now bullish.
The daily time frame clearly illustrates this upward movement with higher highs and higher lows.
Price is now moving above the long term 200 MA.
GBPUSD entry placed just below 4h pivot point and just above the previous LH.
Stop loss placed just above the previous HL.
Monthly time frame shows strong bullish momentum exiting early 2017 consolidation zone with strong rejections of the monthly level as illustrated with the bullish hammer.
Concurring with this bullish bias, the weekly time frame shows a upward moving slope also giving hint to buy trades and the trend is now bullish.
The daily time frame clearly illustrates this upward movement with higher highs and higher lows.
Price is now moving above the long term 200 MA.
GBPUSD entry placed just below 4h pivot point and just above the previous LH.
Stop loss placed just above the previous HL.