GBP/USD
5/16 update:
Technicals:
We could see a revisit of 1.27 for the pair
to form a reverse head & shoulder.
However, if the 1.27 support doesn't hold,
the bearish momentum could continue towards 1.23
- For those who make overnight interest gains in a bearish position:
You can consider shorting at 1.2839 and TP at 1.2704
- Bullish idea:
Wait for a confirmation of the reverse H&S and BUY at 1.27
TP: 1.31 and 1.33
Technicals:
We could see a revisit of 1.27 for the pair
to form a reverse head & shoulder.
However, if the 1.27 support doesn't hold,
the bearish momentum could continue towards 1.23
- For those who make overnight interest gains in a bearish position:
You can consider shorting at 1.2839 and TP at 1.2704
- Bullish idea:
Wait for a confirmation of the reverse H&S and BUY at 1.27
TP: 1.31 and 1.33
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