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RealistFX
Oct 4, 2020 9:01 AM

GBPUSD - WEEKLY OUTLOOK 

British Pound/U.S. DollarFXCM

Description

TECHNICAL POINTS:
Daily Fib
4hr Fib
Pennant
4hr resistance
4hr Inverse Head and Shoulders
4hr 800EMA
4hr 200EMA

Buy Confirmations:
Break of pennant, close above 38.2% Fib and neckline of Inv H&S. This would also close above the 4hr resistance and break the 200ema.

Sell Confirmations:
Break of previous lows, 61.8% fib and the daily ascending trendline forming the bottom of the pennant.
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