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Currency Pair:Gbp/Usd
Indicators: technical patterns and Sma50(red)+ Sma200 (blue)
Current price: 1.5613
Trend:consolidation
Possible trading range:1.51-1.60
Signals: This currency pair has managed to escape from a massive descending channel located on the daily chart. Besides, another bullish pattern called inverted H&S encouraged the bulls to embark in an upside trip, but unfortunately for them the bears put a great resistance around 1.59 where another head and shoulders pattern dominates the …
Indicators: technical patterns and Sma50(red)+ Sma200 (blue)
Current price: 1.5613
Trend:consolidation
Possible trading range:1.51-1.60
Signals: This currency pair has managed to escape from a massive descending channel located on the daily chart. Besides, another bullish pattern called inverted H&S encouraged the bulls to embark in an upside trip, but unfortunately for them the bears put a great resistance around 1.59 where another head and shoulders pattern dominates the …