Look at these charts this week
https://i.imgur.com/sfOqolx.jpg
GBPUSD_e is currently rallying around 1.33423. On the 1 Hour Chart , the previous candle closed above the previous 52 Period Exponential Moving Average.
This is a possible Indication that we are in an active up trend . This trend is supported by the fact that the price is above the previous day's Lowest Low 0.00000
. While we continue to see a sustained move above 0 we expect a surge much Higher with an Ideal Target at 1.24213. At this point, Sell Positions looks ideal and can be recommended with an ideal take profit 1.21751.