TipTVFinance

GBP/USD Forecast: another attempt at hourly 200-MA likely

FX:GBPUSD   British Pound/U.S. Dollar
Despite Cable’s retreat from the high of 1.3293 on Friday on horrible UK preliminary PMI data, the subsequent failure to go below 1.3065 (last Wednesday’s low) and a daily closing on Friday above 1.31 handle suggests another attempt at 1.3215 (hourly 200-MA) could happen today.

On the lower side, a break below 1.3065 would suggest sell-off from 1.3293 has resumed but reckon the support at 13.30 would remain intact.
SignalTradersUK
4 months ago
i think these little H&S style patterns are continuation patterns on the GBP pairs.
snapshot
I am waiting for a pull back on the EURGBP so if your H&S does work I'll be ready to Buy EUR around 0.8000
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener 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 Billing Sign Out