Technical Outlook: GBP/USD eyes Inverse H&S neckline, Oil chart remains bullish – FuturesTechs
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Today’s Technical Outlook update with Clive Lambert, Director at FuturesTechs featuring USD/CAD, GBP/USD, AUD/USD, DAX, FTSE 100 and Brent Crude, Interviewed by Zak Mir, Technical Analyst at Zak’s Traders Cafe.
Highlights:
“GBP/USD: 1.3328 is next target which is a inverse head and shoulder neckline”
“USD/CAD: Constructive chart but we need to break above 1.2960 to open doors for further gains”
“AUD/USD: Close below 0.7615 tonight would suggest bearish trend ahead.”
“DAX: Drop on Monday to 10,380 ensured gap filling..not in rising channel”
“Brent Crude – Friday’s doji candle followed by a drop on Monday, but bounced off from the critical support at 48.50-48.00 yesterday, hence a constructive chart that could take prices higher to $50-51”