Forextuitions

Weekly GBPUSD Forecast

Long
FX:GBPUSD   British Pound / U.S. Dollar
The pair ended a cycle up in wave ((A)) from the 9/3/2019 lows at 1.3519 where the hourly is turning down. While a bounce fails below there it can see a pullback correct the cycle from the 9/3/19 lows. While it shows it will remain above the 9/3/2019 lows where the 4 hour right side is up it can see another swing higher in the correction of the cycle lower from the 7/15/14 highs.

Weekly Buying Area.

1.2550-1.2500

target: 1.3500-14000
Stop Loss: 1.2350

Good luck !

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