The GBP/USD has formed inverted cup with handle pattern. We should see the breakout continuation.
GBP/USD Technical Analysis
GBP/USD is making a breakout above MH3
Close above the level should be targeting W H5
The GBP is strong
Inverted/Mirrored cup with the handle pattern
H4 CHART GBP/USD
The handle
Swing low
The cup breakout
Target
The GBP/USD has formed inverted cup with handle pattern. We should see the breakout continuation. Above 1.3550 the price should be moving up. The first target is 1.3571. If the price breaks D H4, next target is W H5 1.3598. The trend is bullish and the GBP is strong. Dollar weakness is apparent now. We are in the NFP week and today’s ADP will also be important for the price action and targets. Look for bullish outcome and the bull’s strength.
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