Possible growth in the near term
GBPUSD just printed an inverse H&S pattern on the 4 hour timeframe. Price found support on the 200SMA and recently broke and closed above the 50SMA. THE next hurdle to tackle will be the 100SMA and with a break above the neckline of the pattern, price may head back to test previous swing highs.
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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.