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Technician

GBPUSD: Hammer at Support

Long
British Pound / U.S. Dollar (FX:GBPUSD)  
Technician  
FX:GBPUSD   British Pound / U.S. Dollar
Support and Resistance Hammer
185
34
supportandresistance hammer
Hello Mates,

GBPUSD could be a short term long oppurtunity. I am looking to long a bit lower with targets near the recent highs at 1.2700.

  • Completed inverse head and shoulders earlier
  • Broke the falling trend line and completed a retest to it yesterday
  • Formed hammer at the 50-days simple moving average the broken neckline of IH&S

Best
Luay - Technician
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