GBP/USD: bullish 'Engulfing' pattern

GBP/USD: bullish 'Engulfing' pattern

Information is not investment advice

The lower 'Window' and the 55 Moving Average have acted as support, so there's a bullish 'Engulfing' pattern. At the same time, there's a bearish 'Harami', which hasn't been confirmed yet. In this case, we should watch the 144 Moving Average as the nearest bearish target. If a pullback from this line happens next, bulls will probably try to reach another resistance at 1.3521.

1503gbpusdD.png

gbp

Similar

Popular

Choose your payment system