GBPUSD Inverted H&S Breakout on Daily Timeframe
Highlights:
- Last week GBPUSD broke out the inverted head & shoulder pattern indicates more bullish move on the upcoming week
Market Trend:
Price broke out resistance forming a new higher high
Momentum:
Bullish on the daily timeframe
Opinion:
- For buying opportunity, the price must stay above the current support level at 1.3000 area
- Look for price to retest on the lower timeframe for better risk and reward buying setup
- Last week GBPUSD broke out the inverted head & shoulder pattern indicates more bullish move on the upcoming week
Market Trend:
Price broke out resistance forming a new higher high
Momentum:
Bullish on the daily timeframe
Opinion:
- For buying opportunity, the price must stay above the current support level at 1.3000 area
- Look for price to retest on the lower timeframe for better risk and reward buying setup