GBP/USD closed yesterday at 1.3251, confirming an inverse head-and-shoulders breakout on the daily chart. So, further gains toward 1.34-1.35 could be seen in near-term. As for today, the pair may revisit the former resistance-turned-support of 1.32, as the relative strength index (RSI) on the hourly chart is showing a rising wedge breakdown – a bearish reversal pattern. Daily chart Hourly chart Trend: Bullish, but pullback likely before further gains FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next BoJ’s Kataoka: Disagree with view BoJ should persistently continue easy policy FX Street 4 years GBP/USD closed yesterday at 1.3251, confirming an inverse head-and-shoulders breakout on the daily chart. So, further gains toward 1.34-1.35 could be seen in near-term. As for today, the pair may revisit the former resistance-turned-support of 1.32, as the relative strength index (RSI) on the hourly chart is showing a rising wedge breakdown - a bearish reversal pattern. Daily chart Hourly chart Trend: Bullish, but pullback likely before further gains Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
