TipTVFinance

GBP/USD - Crab pattern set up

FX:GBPUSD   British Pound/U.S. Dollar
Hourly chart

Rising bottom formation on the hourly chart coupled with a bullish break in RSI above 50.00 makes us consider the possibility of the air forming a bearish crab pattern. Point D stands at 1.4513 levels.

A rally to 1.4513 at the moment appears extremely difficult. However, as long as 1.3205 support is not breached the odds of the pair moving higher towards Leg D are high. On the way higher, 1.3567 (23.6% Fibo) is the immediate resistance.
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out