Reversal pattern in the 4H chart,will GBPUSD reach 1.2670 again?
On the 4Hour chart of GBPUSD, we can see the formation of a reversal pattern. With the
US Core retail sales date coming up in an hour, it is quite possible for GBPUSD to spike to 1.26 or even higher.
At the current market price, I do not recommend buying GBPUSD. However, if the price spikes to the resistance
level of 1.2670 and demonstrates bearish price action, I might think about selling it.
US Core retail sales date coming up in an hour, it is quite possible for GBPUSD to spike to 1.26 or even higher.
At the current market price, I do not recommend buying GBPUSD. However, if the price spikes to the resistance
level of 1.2670 and demonstrates bearish price action, I might think about selling it.