TheTradersAvenue

GBPUSD > Possible Head and Shoulders, but To Early to Say!!

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FX:GBPUSD   ポンド/米ドル
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Analysis of #GBPUSD

Hello friends.

The market failed 1.1400 level again as expected, no the buyers need to decide if they will give up this uptrend or have another go trying to break 1.400 and resume the uptrend.

Looking at the chart the market might try to test 1.3900 very soon where I expect to see some support and bullish behavior.

If market test 1.3900 level I will drop a one time frame looking for a rotating pattern to get in buy trade targeting the previous resistance level

Do not forget the FED next week and do not over risk, there always the next trade to come. Live to fight another day

let me know in the comment what pair you want to see the analysis for in my next free analysis

Safe trading everyone

Check today analysis below⠀

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-Disclaimer: this information is not a recommendation to BUY or SELL. It is to be used for educational purposes only⠀
-Please note this is just a PREDICTION and i have no reason to act on it and neither should you

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