Vladimir Ribakov analyzes GBP/USD showing bullish signals across multiple timeframes: higher highs and lows, a broken ABCD pattern, and bullish divergence. He sees support at recent lows and targets 1.40, 1.42, and 1.44 if buyers hold the line.
Chapters
With the weekly bullish trend and a daily bullish trend and the 4-hour chart bullish structure where the market makes a clean higher highs, higher lows with the ABCD being broken and a bullish divergence that took step, this trend line is broken. When now we make higher highs, higher lows, I believe it's not over for the pound dollar. And with retraces, I will be looking for the buys. Pay attention to this inner spike here. Pay attention to the broken resistances that act as support. As long as these levels hold, look for the retraces and buy opportunities. As long as the recent low hold, I believe the pound dollar has all the reasons to climb towards the 140, 142, 144, maybe even higher.