GBPUSD: LONG TERM Outlook
As seen on Daily chart, an inverted Head & Shoulder pattern has formed and the cable is moving in perfect tune with the formation.
1.2300-1.2380 being a value accumulation zone.
Neckline breach occurs on sustainability above 1.2450
Upside Potential is seen to reach out to following levels:
1.2660
1.2760
1.2970
1.3180
This is a projection based on Fibonacci Retracement aligned with Inverted Head & Shoulder Pattern identified on Daily chart.
Weekly close below 1.1850 invalidates the projection.
Note: This is only for education purpose and not a trading advice.
1.2300-1.2380 being a value accumulation zone.
Neckline breach occurs on sustainability above 1.2450
Upside Potential is seen to reach out to following levels:
1.2660
1.2760
1.2970
1.3180
This is a projection based on Fibonacci Retracement aligned with Inverted Head & Shoulder Pattern identified on Daily chart.
Weekly close below 1.1850 invalidates the projection.
Note: This is only for education purpose and not a trading advice.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.