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British Pound / U.S. Dollar
Short

GBPUSD forming a really strong reversal, prepare for a potential

By Tickmill
Broker
GBPUSD forming a really nice cup and handle reversal with price breaking our major level at 1.4087. A strong drop could occur below 1st resistance at 1.4087 (Fibonacci retracement, horizontal overlap resistance, cup and handle breakout level) that could push price all the way down to 1.3925 support (Fibonacci retracement, horizontal overlap support).

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Chart PatternsGBPUSDgbpusdanalysisgbpusd_forecastgbpusdideagbpusdlonggbpusdsetupgbpusdshortgbpusdsignalgbpusdtradeHarmonic PatternsTrend Analysis
Tickmill
Broker
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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