GBPUSD: What to Look at This Week 🇬🇧🇺🇸

25 Jul 2022

Take a look, what I spotted on GBPUSD:
the pair formed an inverted head and shoulders pattern on 12H time frame.
1.2035 - 1.209 is its neckline. If the price breaks and closes above that,
I will expect a bullish move at least to 1.217 structure.

However, remember that a global trend in bearish.
Zooming in the same chart, we can spot a horizontal consolidation range.
1.189 - 1.194 is its support. If the price breaks and closes below that,
a bearish move will be expected to 1.18 support.

Wait for a breakout as your confirmation here.

What do you expect?

❤️If you have any questions, please, ask me in the comment section.
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26 Jul 2022

Catatan

Check my new analysis on AUDNZD: