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British Pound / U.S. Dollar
Long

OR GBPUSD Follows through on Head and Shoulders Bottom

72
An alternate GBPUSD interpretation is that remains above 1.2508 given completion of a head and shoulders bottom. Under this scenario, support should be 1.2565/75 and the objective is 1.2808 (in line with the June high). Bottom line, be aware of 1.2565/75 as the initial level for support. If price reacts at that level, then there’s the opportunity to buy with a tight stop.
jsaettele
Director of Technical Research at Krilogy, author Sentiment in the Forex Market

Twitter: twitter.com/jamiesaettele
Website: krilogy.com/
Also on:
Chart Patterns

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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.
Chart Patterns
jsaettele
Director of Technical Research at Krilogy, author Sentiment in the Forex Market

Twitter: twitter.com/jamiesaettele
Website: krilogy.com/
Also on:

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.