GBP Update 9.9.2020
GBP has been weaker than the last 2 Star Wars films, but it was due for a correction. How got that correction this morning, but is it enough? I'm bearish on the GBP, but whenever I see this H&S pattern it usually sends the pair up (or down if the pattern is on the top, this one is inverted). We could see more corrections from the GBP pairs tonight. As I mentioned in my USD post, my favorite trade at the moment is the GBPUSD. Currently, the pair is below its intraday range and heading short.
Related publications
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.