GBPUSD, Inverse Head-Shoulder, How It Completes And Objections!

Hello,

Welcome to this analysis about GBPUSD, we are looking at the 4-hour timeframe perspectives. GBPUSD in recent times as I discovered has formed some interesting structure on which it can build up and show a determining breakout with target-projects. As when looking at my chart now we can watch there how GBPUSD is forming this main inverse head-and-shoulder-formation with the left shoulder and the head already completed and now with the right shoulder forming GBPUSD also bounced within the lower boundary of the main ascending-channel-formation also developing in this structure marked in my chart with the dashed trendlines. As GBPUSD managed to bounce within the dynamic support-zone that is lying within the lower boundary this is likely to be the appropriate origin for further determinations therefore it is necessary that GBPUSD increases with demand in the structure and continues to develop the breakout finally above the neckline of the inverse head-and-shoulder-formation, when this happens as it is marked in my chart this will be the appropriate origin for further continuations to the upside and GBPUSD will activate the target-zone within the 1.42 level marked in my chart in blue, once this zone has been reached the dynamics need to be elevated anew, it will be an interesting development ahead.

In this manner, thank you for watching my analysis about GBPUSD and the major inverse head-shoulder-formation with the ascending-channel and the upcoming determinations to expect, support the analysis with a like and follow or comment for more market insight!
"Astonishment is the basis of reverence"

Information provided is only educational and should not be used to take action in the market.