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michaeldobfx

Consolidating within a Pennant - GBP/USD (4-Hour) - RSI halfway

British Pound / U.S. Dollar (FOREXCOM:GBPUSD)  
michaeldobfx  
FOREXCOM:GBPUSD   British Pound / U.S. Dollar
Support and Resistance Chart Patterns Pennant Technical Analysis Coronavirus (COVID-19) GBPUSD neutral consolidation GBP USD
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supportandresistance chartpattern pennant technicalanalysis coronavirus gbpusd neutral consolidation gbp usd
GBP/USD consolidating within a pennant (4 hour chart). RSI halfway through. The breakout will depend purely on fundamentals, such as USD strength and overall market sentiment/optimism around the COVID-19 and the global economy. Also pay attention earnings releases this week and any geopolitical tensions, will have an effect on the USD. Will have to wait and see what happens on the macro-level.

Note: Purely opinion - not professional investment advice.
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