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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.

GBPUSD

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.


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Author

Kiana Danial, CFP

Kiana Danial is an award-winning, internationally recognized personal investing and wealth management expert.

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