Hello my fellow traders, hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into the analysis.
As we can see, GBPUSD is currently in a Symmetrical Triangle and is close to a breakout. One can wait for the breakout. As per our analysis the breakout will be on lower side.
There is also a possible Head and Shoulder pattern that can be formed (check comment section for chart)
Let us know your views on this in the comment section. Thank you all.
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Ryan.R.Lopes, trader and analyst. Holds strength in Support and resistance, trade-line and breakouts. Having experience in FOREX, COMMODITIES and STOCK MARKET for more than 5 years and now Backed by a powerful team that has more than 10 years of experience.