Lingrid | GBPUSD buying OPPORTUNITY from the SUPPORT zone

30 ต.ค.

GBPUSD broke below the previous support level but has formed an inverse head and shoulders pattern at the psychological level of 1.3000. As the market approaches this level, it has been decelerating and it created bullish divergence. The price bounced off the channel border and has closed above the psychological level making higher lows. Additionally, since the DXY has formed a triple top at the resistance zone, it suggests that it may be poised for a downward correction. My goal is resistance zone around 1.31100


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