Hi everyone, the gbp/usd pair offers us again a beautiful opportunity, the battle of buyers against sellers will be decisive!!
On the monthly chart we are still in the corrective movement of the downward trend. The price is back on the big resistance of the 1,4240 which has already been worked on a lot in the past (orange elypses).
On the weekly chart we are in bullish trend, we see that the price has validated a new higher but remains blocked by the resistance of the 1.4230.
A validation of the next candle above this resistance would give us a buy signal.
Note: with the indicator ichimoku we find that the price is very far from the line kijun (which forms a dish that represents a strong support), the price never stays so far from kijun and often comes back as an elastic on this line.
On the daily chart, we are still in our neutral zone (yellow rectangle), the price has made an attempt to exit this zone to finally validated pile on its resistance (top of neutral zone).
We could see an identical scenario to the one that happened (green elypses).
Of course a break and validation of 1.4230/1.4250 would give us a buy signal.
Let's go to the unit of time H4 to take our trade.
On the graph h4 we see that the price has validated above our neutral zone to come back on the latter. So there was an H4 output followed by a pull back in m30.
economic calendar links :
https://fr.investing.com/economic-calendar/
Well, good weekend to all and good trade, kenavo.
