GBPUSD: LONG TERM Outlook
As seen on Daily chart, an inverted Head & Shoulder pattern has formed and the cable is moving in perfect tune with the formation.
1.2300-1.2380 being a value accumulation zone.
Neckline breach occurs on sustainability above 1.2450
Upside Potential is seen to reach out to following levels:
1.2660
1.2760
1.2970
1.3180
This is a projection based on Fibonacci Retracement aligned with Inverted Head & Shoulder Pattern identified on Daily chart.
Weekly close below 1.1850 invalidates the projection.
Note: This is only for education purpose and not a trading advice.
1.2300-1.2380 being a value accumulation zone.
Neckline breach occurs on sustainability above 1.2450
Upside Potential is seen to reach out to following levels:
1.2660
1.2760
1.2970
1.3180
This is a projection based on Fibonacci Retracement aligned with Inverted Head & Shoulder Pattern identified on Daily chart.
Weekly close below 1.1850 invalidates the projection.
Note: This is only for education purpose and not a trading advice.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.