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GBPUSD - 15 m Chart update
Today GBPUSD has made a reversal. Thinking a little after this occurence, it was possible to forecast GBPUSD reversal, since yesterday EURUSD and USDCHF reversed their tendency and they were not followed by GBPUSD. USD was loosing is strengh and if it continues as happened today morning something must happen to GBPUSD... and it goes UP.
Previous 4H cycles was closed, price is well above 4H SATL and SATL is going up.
But from 4H and 1H charts it's not possible to establish a well define Price target area to this new up movement. From 1H chart we can see and project it in space and time at a higher zone. Where is more difficult to say at the moment.
For the moment you can see 15M chart. The price target was accomplished. Let's hope price retrace to get a better price entry.
Good trades!
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