. GBP USD wave 3 pattern confirms bullish momentum Analysis
http://ntvforex.com/news/?id=f0656e. . 8 19 2020 8 12 22 AM . . . . The GBP USD made a bullish breakout as expected in our previous wave analysis. The bullish price action has reached the first target at 1.3250. Can the GU, aka the Cable, continue with its bullish momentum . . . Price Charts and Technical Analysis . The GBP USD seems to be building a wave 3 orange . The wave 3 could still be in development if price action pushes aboves the candle highs purple box . Eventually a shallow pullback should take place as part of wave 4. A bullish bounce could occur at the 21 ema zone. . . The GBP USD next target is aiming at 1.35. Only a strong bearish retracement invalidates red x the wave 3 4 pattern. Otherwise, price action has completed the wave 4 blue triangle pattern as expected and a restart of the uptrend is in full swing. . . . .. . The analysis has been done with the ecs.SWAT method and ebook.

 

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