Current rate: 1.2736
Cable clocked a high of 1.2757 post-NFP. The pullback does little damage to the bull view.
A 4-hour close above 1.2745 would confirm a inverse head and shoulders breakout and open the doors to at least $10. pip move.
The breakout on 4H would supplement the bullish profile of the daily chart, which has 5 and 10-day bull cross and the bullish divergence of the RSI
Buy GBP/USD @ 1.2737 target 1.2-1.2830 with stops below 1.2667
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.