RBabs

GBPUSD 1D Long Outlook

Long
FX:GBPUSD   British Pound / U.S. Dollar
Possible formation of reverse head and shoulders. the distance from the neckline to the head is 0.08494, so it is expected that an increase of 0.8494 will occur from the neckline at the end of the right shoulder. The resulting TP would be 1.42784. There is a resistance at 1.36550. it may retest at this point and once it breaks this line it may go all the way up to the next resistance at 1.43688.
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