Forex GBP/USD Daily Video, July 09, 2020

soul rebel

Corporal
Messages
95
Greetings Sive
I see a potential reverse H&S pattern forming on cable hourly chart, with the head around 618 support, is our bullish view/context still in place?
thanks
Viresh
 

Sive Morten

Special Consultant to the FPA
Messages
13,930
Greetings Sive
I see a potential reverse H&S pattern forming on cable hourly chart, with the head around 618 support, is our bullish view/context still in place?
thanks
Viresh

It is by far, we've specified crucial levels. It stands above it but to be honest I do not like current drop. Keep an eye on a neckline at 4H chart around 1.25. Downside breakout will be negative.
 
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