GBP/USD Short term Outlook

FX:GBPUSD   British Pound / U.S. Dollar
306 0
GBP/USD has formed Head and shoulder pattern in 4 hours chart. The neckline is around 1.5350 and any break below will confirm the short term bearishness.

On the downside break below will target 1.5300/1.5240 in short term.

The pair’s minor resistance is around 1.5460 and above that would pave way for 1.5505/1.5550 in short term.

Indicators (4 hour chart)
CCI (50) – Sell
CCI (14) – Sell
Ichimoku- Sell

Recommendation: Sell GBP/USD around 1.5375-85, SL 1.5460, Targets 1.5305/1.5255.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out