bull flag. GBPUSD

European session yesterday has proof that they wont give up with "green back", i believe there is no more retracement else. now is a buying time. The bullish trend just trigger and we are now in wave 3 inside 1hour timeframe. buy on dip yesterday is a good for swing until complete 5 wave sequence because we are heading to wave 5 righ now. price breakout at 1.63605 and i already buy this instrument. Good luck.

GBPUSD technical analysis daily timeframe

GBPUSD daily timeframe.

Top price just reach the resistance level. I believe this is the obvious retracement level. Selling mode for a while. According to fibonacci retracement and parallel channel its look possible to down until 38.2 ( support is overthere ). If we look at timeframe 1 hour there is a clear bearish divergence instead of confirmation which the trend is now going to correction. Just beware with any fake breakout because inside consolidation there are to many tricky breakout :). good luck.

GBPUSD Technical Analysis 5 minute timeframe

*Correction this chart is not GBPJPY but GBPUSD*.


here what ive seen at 5 minute time frame. Its look like bullish wave sequence in minor movement. already buy GU at 1.6453 and planning to hold the position until 161.8 fibonacci expansion. Just a small Stop loss its around 20 -30 pips onlye. have a nice trade good luck.