After finding support in pandemic low, GbpUsd has reversed and this reversal combined with the last 24h price action is drawing a potential inverted H&S on our charts.
1.16 is confluence resistance at this moment given by the falling trend line and the neckline of the pattern and a break above would expose important 1.1750 zone resistance.
I'm bullish as long as yesterday's low is intact.
Yesterday's GbpUsd analysis:
1.16 is confluence resistance at this moment given by the falling trend line and the neckline of the pattern and a break above would expose important 1.1750 zone resistance.
I'm bullish as long as yesterday's low is intact.
Yesterday's GbpUsd analysis:
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.