Thursday, 3 June 2021
6:34 AM (WIB)


GBPUSD is on the situation Indecisive and consolidation market. This because there are equals volumes that trades in this stage. Following precious chart movement, GBPUSD has wonderful upside movement with waves continuation, already broken upside from long term bearish also break out confirmation. The movement created an ascending and expanding channel, that forming "Barrier Symmetrical Triangle". Which usually leads the way to the strong upside movement. In this case, GBPUSD would be start rising high to the highest high of the ascending channel . Following indicators report: MACD volumes and lines shows for available to move upside from now. Stochastic shows still on high speed mode. 100EMA lines supporting the price chart as base support to move upside.

However, this barrier symmetrical triangle also could leads the chart move lower, IF the market agree to move downside with huge volumes for creating an "Ending Diagonal". But for this movement, bearish downside has no support from technical and indicators at this time.



Best regards,
RyodaBrainless
"Live to Ride and Ride to Live"