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The Inverse Head and Shoulders pattern has formed on the GBPUSD H1 chart. The head low is at 1.3201, while the neckline passes through 1.3251/1.3233. The Inverse Head and Shoulders signals a potential reversal of the downtrend. A break above the higher neckline anchor may confirm the bullish reversal. FX.co ★ GBPUSD H1: Inverse Head and Shoulders
Signal strength 4 of 5
GBPUSD H1: Inverse Head and Shoulders
The Inverse Head and Shoulders pattern has formed on the GBPUSD H1 chart. The head low is at 1.3201, while the neckline passes through 1.3251/1.3233. The Inverse Head and Shoulders signals a potential reversal of the downtrend. A break above the higher neckline anchor may confirm the bullish reversal. *The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade