In this moment currency pair GBPUSD has uptrend after small correction like a horizontal channel. We described this channel on screenshot. Murray Match indicator displayed maximal levels in zone 1.5488-1.5570 Levels of Fibonacci displayed that price GBPUSD has not third wave but just correction wave. If this correction will be continue it will be third wave. But right know we can see divergence between chart of GB/USd and Default MACD. All our SMA is under chart and show us upward direction. So strong up candle during news can be instigate to open order to BUY, but we will not do it. Because after strong candle will be correction down. And only after this correction we can open position. In this moment open positions ratio is 55/45% And also this movement has correlation same as a 3 month period of time.
GBP/USD H1 Time frame:
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| Current status on GBPUSD |
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| Current situation on GBP/USd H1 timeframe with technical analisys |
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