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Angor77
Dec 17, 2020 5:36 PM

GBPUSD - Massive rally or false break 

British Pound/U.S. DollarFXCM

Description

On weekly chart we can see descending trend line since November 2007 which is broken with previous bullish inverse head and shoulders pattern (multiple shoulders). Despite expected No Brexit deal, GBP keep on rallying pretty awesome. This is gonna be measured 2000 pip rally or false break. Support is at 1,3480 and if its broken on retest, might be false break. Have fun and trade well!
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