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:
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