GBPUSD Approaching 1.30000 ONCE AGAIN!
GBPUSD was in a bullish channel since December 2018 so about 6 months. After breaking out of the bullish channel it broke the price zone 1.30000 late April 2019. Last week it bullishly engulfed 3 .. almost 4 weeks of bearish price action. It has now since retraced at least 75% of that strong bullish candle, finishing the right shoulder of a Head and Shoulders pattern. Are we seeing the the slowing momentum of the bullish channel and creation of a bear push? Or will 1.30000 hold strong?
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.