Hello Traders!
Here is my GBPUSD analysis:
GBP/USD WEEK
There are no changes over last week. We see an uptrend. The first target along the trend almost coincides with the strong reversal level 8/8. The price is in the upper trading range. After hitting level 7/8 there is a good chance of reaching T1. A reversal from level 8/8 is also possible.
GBP/USD DAY
This is a downtrend. There are no targets along the trend. The price has reached a strong reversal level 0/8 which is significant on weekly charts. There is a high possibility of the trend’s reversal from the oversold area.
GBP/USD 240
We can see a downtrend. On the way to the target there is a strong reversal level 2/8 which is significant on a senior time frame. The price is in the upper trading range. After hitting level 2/8 the price may reach target T1.
Here is my GBPUSD analysis:
GBP/USD WEEK
![image001.jpg](/proxy.php?image=http%3A%2F%2Fwww.2targetsmethod.com%2Fimages%2F281209%2Fimage001.jpg&hash=d42e6e5e50b72147397d5f8d4223cfd3)
There are no changes over last week. We see an uptrend. The first target along the trend almost coincides with the strong reversal level 8/8. The price is in the upper trading range. After hitting level 7/8 there is a good chance of reaching T1. A reversal from level 8/8 is also possible.
GBP/USD DAY
![image012.jpg](/proxy.php?image=http%3A%2F%2Fwww.2targetsmethod.com%2Fimages%2F281209%2Fimage012.jpg&hash=bd06151a6d6a5161079fc439b8e3d881)
This is a downtrend. There are no targets along the trend. The price has reached a strong reversal level 0/8 which is significant on weekly charts. There is a high possibility of the trend’s reversal from the oversold area.
GBP/USD 240
![image003.jpg](/proxy.php?image=http%3A%2F%2Fwww.2targetsmethod.com%2Fimages%2F281209%2Fimage003.jpg&hash=457fbb36fdc3323d8b9ce1c4544b0b69)
We can see a downtrend. On the way to the target there is a strong reversal level 2/8 which is significant on a senior time frame. The price is in the upper trading range. After hitting level 2/8 the price may reach target T1.