Hello Traders!
Here is my GBPUSD analysis:
GBP/USD
1.1 GBP/USD WEEK
http://www.2targetsmethod.com/images...9/image001.jpg
There are no changes over last week. We see an uptrend. The first target along the trend almost coincides with the strong reversal level 8/8. The price is in the upper trading range. After hitting level 7/8 there is a good chance of reaching T1. A reversal from level 8/8 is also possible.
1.2 GBP/USD DAY
http://www.2targetsmethod.com/images...9/image012.jpg
This is a downtrend. There are no targets along the trend. The price has reached a strong reversal level 0/8 which is significant on weekly charts. There is a high possibility of the trend’s reversal from the oversold area.
1.3 GBP/USD 240
http://www.2targetsmethod.com/images...9/image003.jpg
We can see a downtrend. On the way to the target there is a strong reversal level 2/8 which is significant on a senior time frame. The price is in the upper trading range. After hitting level 2/8 the price may reach target T1.
Here is my GBPUSD analysis:
GBP/USD
1.1 GBP/USD WEEK
http://www.2targetsmethod.com/images...9/image001.jpg
There are no changes over last week. We see an uptrend. The first target along the trend almost coincides with the strong reversal level 8/8. The price is in the upper trading range. After hitting level 7/8 there is a good chance of reaching T1. A reversal from level 8/8 is also possible.
1.2 GBP/USD DAY
http://www.2targetsmethod.com/images...9/image012.jpg
This is a downtrend. There are no targets along the trend. The price has reached a strong reversal level 0/8 which is significant on weekly charts. There is a high possibility of the trend’s reversal from the oversold area.
1.3 GBP/USD 240
http://www.2targetsmethod.com/images...9/image003.jpg
We can see a downtrend. On the way to the target there is a strong reversal level 2/8 which is significant on a senior time frame. The price is in the upper trading range. After hitting level 2/8 the price may reach target T1.