AWPEARCE1

GBPUSD 1D - INVERTED HEAD AND SHOULDER

Long
FX:GBPUSD   British Pound / U.S. Dollar
Currency pair is in an upward trend. Although stochastic is overbought it is pointing upward. There was an engulfing bullish candlestick, and the week closed with a positive bullish candle, confirming the break up in a inverted head and shoulder pattern. I am buying at 1.30418, stop at 1.28405 and targeting 1.35080

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.