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GBPUSD - Working On A Bottom At Major Support

GBPUSD - Working On A Bottom At Major Support

2015-02-03 16:30:00
Paul Robinson, Strategist
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Talking Points:

  • GBPUSD attempting to bottom at major long-term support
  • Working on putting in the right shoulder of an inverted ‘Head-n-shoulders’ pattern
  • Pattern size points to a potential move to 15500 on a break over 15225
  • EUR leading the way against USD, GBP looking to jump aboard

GBPUSD Daily/Monthly:

GBPUSD - Working On A Bottom At Major Support

--- Written by Paul Robinson, DailyFX Research

To contact Paul, you can email him at instructor@dailyfx.com

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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