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According to the chart of M30, GBPUSD formed the Inverse Head and Shoulder pattern. The Head’s top is set at 1.2658 while the median line of the Neck is found at 1.2630/1.2649. The formation of the Inverse Head and Shoulder pattern evidently signals a reversal of the downward trend. In other words, in case the scenario comes true, the price of GBPUSD will go towards 1.2688 FX.co ★ GBPUSD M30: Inverse Head and Shoulder
Signal strength 3 of 5
GBPUSD M30: Inverse Head and Shoulder
According to the chart of M30, GBPUSD formed the Inverse Head and Shoulder pattern. The Head’s top is set at 1.2658 while the median line of the Neck is found at 1.2630/1.2649. The formation of the Inverse Head and Shoulder pattern evidently signals a reversal of the downward trend. In other words, in case the scenario comes true, the price of GBPUSD will go towards 1.2688 *L'analyse de marché présentée est de nature informative et n'est pas une incitation à effectuer une transaction