GBP/USD Price Analysis: Bulls move in and eye 1.2500 GBPUSD Technical Analysis
, whereby the price was anticipated to continue forming the right-hand shoulder of the head and shoulders, we have seen just that. It was stated that the price has rallied into a high-volume candle and had met resistance. This left the meanwhile focus on a correction into the 1.2370s and then the trendline support into the congestion towards 1.2350.
The W-formation would be a reversion pattern, should it come to fruition as the price continues towards 1.2500. Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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