@shahbazjatoi66 on GBPUSD | PriceONN Community

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shahbazjatoi66 PRO newbie
GBPUSD Mar 10
Observing a potential inverse head and shoulders forming on the H4 chart for GBPUSD. The neckline is around 1.3450, a break above that level could signal a bullish move. RSI is currently below 50, but if price breaks the neckline, expect RSI to confirm the upward momentum. Watching for confirmation before considering a long position.
GBPUSD

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shahbazjatoi66 PRO newbie Mar 10
Also worth noting, the 50 SMA is acting as dynamic support around 1.3390. If the inverse head and shoulders plays out, we could see a test of the 200 SMA around 1.3390 as a potential TP level. Keep an eye on volume during the breakout; increased volume will add conviction to the bullish signal. cant sleep watching asian session
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