GBPUSD Long Term

GBPUSD Weekly – November 23rd, 2020

GBP/USD, Weekly chart. The main outlook remains in force. The fifth of the ending diagonal is like over. If correct, we’re at the beginning of a new bullish market. In this case, the price should continue unfolding wave ((1)) or ((A)).

GBP/USD, 15H chart. The high of wave 1 remain untouched, so the bullish outlook is still in force. Therefore, the price is likely going to develop wave 5 of (1) in the coming days.

! Bearish Alternative Scenario !

We can’t rule out that wave ((1)) could take the form of a leading diagonal. Despite that it’s too early to call this scenario, we should keep in mind this option, which will be confirmed only after a break of 1.2854.

GBPUSD Weekly – November 16th, 2020

GBP/USD, Weekly chart. The main outlook remains in force. The fifth of the ending diagonal is like over. If correct, we’re at the beginning of a new bullish market. In this case, the price should continue unfolding wave ((1)) or ((A)).

GBP/USD, 15H chart. The high of wave 1 remain untouched, so the bullish outlook is still in force. Therefore, the price is likely going to develop wave 5 of (1) in the coming days.

! Bearish Alternative Scenario !

We can’t rule out that wave ((1)) could take the form of a leading diagonal. Despite that it’s too early to call this scenario, we should keep in mind this option, which will be confirmed only after a break of 1.2854.

GBPUSD Weekly – November 10th, 2020

GBP/USD, Weekly chart. The main outlook remains in force. The fifth of the ending diagonal is like over. If correct, we’re at the beginning of a new bullish market. In this case, the price should continue unfolding wave ((1)) or ((A)).

GBP/USD, 15H chart. The high of wave 1 remain untouched, so the bullish outlook is still in force. Therefore, the price is likely going to develop wave 5 of (1) in the coming days.

! Bearish Alternative Scenario !

We can’t rule out that wave ((1)) could take the form of a leading diagonal. Despite that it’s too early to call this scenario, we should keep in mind this option, which will be confirmed only after a break of 1.2854.

GBPUSD Weekly – November 2nd, 2020

GBP/USD, Weekly chart. The fifth of the ending diagonal is over. If correct, we’re at the beginning of a new bullish market. In this case, the market should continue unfolding wave ((1)) or ((A)).

GBP/USD, 15H chart. The high of wave 1 remain untouched, so the bullish outlook is still in force. Therefore, the price is likely going to develop wave 5 of (1) in the coming days.

GBPUSD

GBPUSD Weekly – October 27th, 2020

GBP/USD, Weekly chart. The fifth of the ending diagonal is over. If correct, we’re at the beginning of a new bullish market. In this case, the market should continue unfolding wave ((1)) or ((A)).


GBP/USD, 12H chart. The price has been rising since wave (C) of ((5)) ended. It seems like the fifth wave of wave (1) is underway. If so, the market should continue moving up in the coming days.

GBPUSD

GBPUSD Weekly – October 19th, 2020

GBP/USD, Weekly chart. The fifth of the ending diagonal is over. If correct, we’re at the beginning of a new bullish market. In this case, the market should continue unfolding wave ((1)) or ((A)).

GBP/USD, 12H chart. The price has been rising since wave (C) of ((5)) ended. It seems like the fifth wave of wave (1) is underway. If so, the market should continue moving up in the coming days.

GBPUSD

GBPUSD Weekly – September 29th, 2020

GBP/USD, Weekly chart. The fifth of the ending diagonal is over. If correct, we’re at the beginning of a new bullish market. In this case, the market should continue unfolding wave ((1)) or ((A)).

GBP/USD, 12H chart. It seems like there’s a developing upward impulse, which supposed to be wave (1). Previously, we had a zigzag in wave ((5)) of a larger ending diagonal. Considering that the high of wave 1 remains untouched, the opportunity to have a fifth-wave rally is still on the table.

GBPUSD

GBPUSD Weekly – September 24th, 2020

GBP/USD, Weekly chart. The fifth of the ending diagonal is over. If correct, we’re at the beginning of a new bullish market. In this case, the market should continue unfolding wave ((1)) or ((A)).

GBP/USD, 12H chart. It seems like the fourth wave of wave (1) is almost over. If so, the fifth wave is going to begin shortly. Also, we should keep an eye on the high of wave 1 as the main critical level for the bullish scenario.

GBPUSD

GBPUSD Weekly – September 17th, 2020

GBP/USD, Weekly chart. The fifth of the ending diagonal is over. If correct, we’re at the beginning of a new bullish market. In this case, the market should continue unfolding wave ((1)) or ((A)).

GBP/USD, 12H chart. The price has been rising since wave (C) of ((5)) ended. It seems like the fourth wave of wave (1) is underway. If so, the market should continue moving sideways in the coming days.

GBPUSD

GBPUSD Weekly – September 7th, 2020

GBP/USD, Weekly chart. The fifth of the ending diagonal is over. If correct, we’re at the beginning of a new bullish market. In this case, the market is going to rise towards 1.3522 in the near future.

GBP/USD, 12H chart. The price has been rising since wave (C) of ((5)) ended. It seems like the third wave of wave (1) is underway. If so, the market should continue moving up in the coming days.

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