GBP/USD December 5,2016

Monthly Analysis
The pair has achived her yearly targets after brexit. Althought the monthly bars are in still downtrend as end of november, december bar is building up a congestion entry bar. Monthly analysis says that there is high probability of pulling back above 1.30

Weekly Anaylsis
Weekly bars trying to build up a trend run up, due to massive us rally, weekly bars are in struggling.
This week, we expect a rise upto 1.3010. analysis is valid while the price level 1.22 holds.

Daily Analysis
Trend is up.
There are two preferred entry points. 1.2580 and 1.2530
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