Looks like the pound might be getting some strength here. I see an Inverted head and shoulders pattern, where if price action breaks the neckline expect higher prices!
There are other indications telling us price is headed higher! Candlestick patterns are showing, we have a spinning top forming on the 15 minute and the 30 minute charts! The hourly chart has an inverted hammer which again supports upper movement! Important inverted hammer on the 4 hour chart told us that price is about to jump up, as it precisely did! This is not a directional change, just a small retracement to the upsude
There are other indications telling us price is headed higher! Candlestick patterns are showing, we have a spinning top forming on the 15 minute and the 30 minute charts! The hourly chart has an inverted hammer which again supports upper movement! Important inverted hammer on the 4 hour chart told us that price is about to jump up, as it precisely did! This is not a directional change, just a small retracement to the upsude