GBP Forming Head & Shoulders - Possible Bearish Scenario Ahead
Hello traders!
As you can see, price has formed a Head and Shoulders pattern on the daily chart.
If it breaks below the current support/demand area, it could move lower toward the 1.32000 – 1.33000 zone.
We’ll be watching closely to see what it does in the coming weeks.
As you can see, price has formed a Head and Shoulders pattern on the daily chart.
If it breaks below the current support/demand area, it could move lower toward the 1.32000 – 1.33000 zone.
We’ll be watching closely to see what it does in the coming weeks.
Trade closed: target reached
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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.
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.