namah

namah Updated 

Post break from H-Channel, around 1.2254 and Fibb support lvls of 1.2235 & 1.2207 – GU pair is moving within a downward trend channel (70pips apart). Next resistance is at 1.2179. Overall immediate outlook looks bearish unless the pair moves out from this channel or breaking from resistance lvl around 1.2235 (immediate at 1.2215)

namah

in a short range...a break either-ways can have a contagious movement

namah

check the breakout either ways, though in a rising wedge: fall is generally seen

namah

reverse H&S and 50crossover200EMA......

namah

GBPUSD_Weekly Chart: Interesting to see a downward trend channel, and also each Jun-Jul timeline where GBP has tried to rise - but in a failing attempt. This week's candle has a support around 1.2612. A breakaway (from support) will have a serious infliction on GBP, else it will get a breather till 1.30-1.32

namah

GU critically placed within a channel (60mins), a break above 1.3280 can be bullish for GBP, break of 1.3210 bearish