Analysis

GBP/USD Analysis On UK General Elections 2019 – Ichimoku Technique [Video]

Today I’m looking at the GBP USD pair which has been stuck at the 1.3155 resistance level it hit last Thursday. Looking at GBPUSD Ichimoku strategy from a longer time frame, say the weekly chart, we have a brand new Ichimoku indication.

The GBP/USD pair confirmed a break above the weekly Ichimoku cloud, and it’s also in the process of forming a double bottom bullish reversal chart pattern. Now with the Ichimoku signal, we normally expect a temporary pullback after the bullish break, which could create an optimal buying opportunity for long-term bulls.

 


 

For more from Invest Diva, click here

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.