GBPUSD – Daily Forex Technicals by ForexHound.com May20th

Continuation from May19th

Cable performed as expected in yesterday US session and in today’s Asian and early european sessions, after touching the 1.9450 support area it bounced back to complete the mentioned head and shoulders pattern. Continuation from May19th

Cable performed as expected in yesterday US session and in today’s Asian and early european sessions, after touching the 1.9450 support area it bounced back to complete the mentioned head and shoulders pattern. We maintain our view that the 1.9850 area, is the main short term bullish target.

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