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.
