Free forex signal

gbp/usd update:

Above is 4h chart for the cable,from the low area around 1.4180 we start a nice rally look like zigzag pattern where currently 1.63 as a temporary top,in the 2nd point rally the cable start from 1.56++ to as high as 1.63,and the tuesday low around 1.5970 located around 50% zone from the rally 1.56++ to 1.63,this situation suggest more upside could be seen but need a confirmation to sustain trading above the 1.6180 to retry previous high around 1.63.while yesterday high low from the top 1.63 to the low 1.5970 bring the retracement to 76.8%=1.6180 where we can see today,in the short term view likely 1more impulsive down is possible toward 1.5830---1.5860 in condition 1.6200 hold and the confirmation breakdown below 1.5960 is needed for more downside target.In the bigger view,see daily chart below,


gbp/usd daily:

While the daily chart show currently the cable still in the triangle(inside the yellow line) which the rally start from the lowest 1.35++--------1.70....then 1.70 to 1.4180 and the 1.4180-----1.6300,for the easy simple basic information while 1.63 hold the focus should be the lowest inside the yellow line should be 1.4800----1.50 zone(this price agree with the 76.8% and 61.8% ret from the rally 1.4180 to 1.6300)of course the are still many confirmation but this is what i see:P and u can check by yourself:S

All in all the breakout above 1.63 possible expose the cable higher around 1.65 even 1.70,but if the 1.6300 establish as a strong resistance the testing toward 1.4800---1.50 zone could not be deny where a sustain trading below that level for sure will hit 1.35 zone again:P
this journey will not working in 1 day or 1week but possible for 2 or 5 month ahead:)

p/s:trade your plan and do your best money management rules.All the best!!!