GBPUSD Break of Multiyear Trendline
Good day traders
This is what i am seeing for GBP/USD
We had a multiyear downtrend for the pound but it seems that price is about to break out of it to the upside for a potential price target of the monthly resistance at 1.45000.
Confluences
1. Possible head and shoulders pattern on the weekly.
2. Possible break of multiyear downtrend trend line.
I would keep an eye out for this one to go long.
This is what i am seeing for GBP/USD
We had a multiyear downtrend for the pound but it seems that price is about to break out of it to the upside for a potential price target of the monthly resistance at 1.45000.
Confluences
1. Possible head and shoulders pattern on the weekly.
2. Possible break of multiyear downtrend trend line.
I would keep an eye out for this one to go long.
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