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chartpatterns trendanalysis Less Tags Show All Tags
End of trend with Head & Shoulders forming.
GBPUSD
, 240
Long
GBPUSD: End of trend with Head & Shoulders forming.

On the monthly chart the pair has been ranging between 1.2 and 1.43 since 2016 with resistance established 2018. Currently on up leg of third cycle. Ignoring the Liz Truss blip.   Daily chart uptrend established Jan 25 and should continue up to resistance. However possible head & shoulders forming, which would indicate change of character, at most recent cycle but...

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