TipTVFinance

GBP/USD - Ready to test inverse head and shoulder neckline level

FX_IDC:GBPUSD   POUND STERLING / US DOLLAR
Despite repeated failure to take out/hold above 1.3315 (23.6% of 1.5019-1.2789) , the bird has been able to avoid a drop below 1.3061 Tuesday's low and has managed to form a small rising bottom formation this week.

Consequently, the odds of the pair breaking above stiff resistance at 1.3315 today are high. In such a case, inverse head and shoulder neckline resistance around 1.3450 stands exposed.

Once again, bullish invalidation is seen only if prices see a day end closing below 1.3061
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