Good day traders
This is what i am seeing for GBP/USD
We had a multiyear downtrend for the pound but it seems that price is about to break out of it to the upside for a potential price target of the monthly resistance at 1.45000.
Confluences
1. Possible head and shoulders pattern on the weekly.
2. Possible break of multiyear downtrend trend line.
I would keep an eye out for this one to go long.
This is what i am seeing for GBP/USD
We had a multiyear downtrend for the pound but it seems that price is about to break out of it to the upside for a potential price target of the monthly resistance at 1.45000.
Confluences
1. Possible head and shoulders pattern on the weekly.
2. Possible break of multiyear downtrend trend line.
I would keep an eye out for this one to go long.
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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.