GBPUSD: A bullish Harami, end of downtrend???

[RTFX-Trading]

GBPUSD: A bullish Harami, end of downtrend???

A Harami has now formed on the daily chart of Sterling against the Dollar (GBPUSD), this configuration being at a bottom, could signal the end of the downtrend. A break of the yesterday’s high at 1.6523 is needed to validate this change of trend scenario, which would be annulled if it were to fall back and break 1.6432. The extremes from the previous day, the 11th of August are 1.6523 and 1.6432.



Nicolas Longchamp
RTFX Ltd
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