GBP/USD Price Analysis: Pound bulls test H&S neckline around 1.2050
A test of H&S formation has sidelined the retail participants. Declining 20-and 50-EMAs add to the downside filters. A drop below 40.00 by the RSI (14) will trigger the downside momentum. The GBP/USD pair is displaying back and forth moves in a narrow range of 1.2048-1.2080 in the early Tokyo session. The cable has displayed… Read More »
