Hi traders, this is a quick update on GBPUSD.
Here we have the GBPUSD pair that reached a key resistance on the daily chart after triggering a massive head and shoulders pattern. The pair has started to move lower today, as explained in our previous analysis, with market reports also pointing at a weaker GBP.
The 1-hour chart shows a well-defined falling channel that aligns with the 50% Fib level.
Here we have the GBPUSD pair that reached a key resistance on the daily chart after triggering a massive head and shoulders pattern. The pair has started to move lower today, as explained in our previous analysis, with market reports also pointing at a weaker GBP.
The 1-hour chart shows a well-defined falling channel that aligns with the 50% Fib level.
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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.
Related publications
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.