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GBP/USD Forecast: Inverse head and shoulder breakout on hourly chart

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Feb 26, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    The technical correction in the GBP/USD pair continues ahead of the weekend following a more than 500 pip drop in the first three days of the week. The spot clocked a high of 1.4042 in Europe, before falling back to trade around 1.4020 levels. The bullish move is largely chart driven as the UK economic calendar is empty. The major event for the day is the US preliminary Q4 GDP report and the monthly personal spending report. Detail report on the same is available here . Technicals –

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