GBPUSD POSSIBLE MOVE

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GBPUSD POSSIBLE MOVE GBP/USDOANDA:GBPUSDOAI-indiciesThe British pound went into a deeper pullback in the bullish trend and price show a great support @ 1.34230. Price had a nice bounce with a daily engulfing candle which triggers that buyers are more into the market. At this Zone 1.34230 is also spotted a bullish reversal chart pattern forming (inverse H&S). Wait till price break and retest the resistance @ 1.35920 to go long targeting 1.37800 and 1.41800 respectively. Alternatively, should price break below 1.34230 and retest before a bounce with a bearish engulfing candle on 4htf, sell targeting 1.31950 and 1.27200 respectively.