2:17 PM · 15 October 2020

Pound erases yesterday's gains 📉

During today's session we can observe the completely opposite situation on the pound than yesterday. The British currency is under selling pressure due to further restrictions in the UK. Looking at the H1 chart from a technical point of view, the head and shoulders formation is building up. This structure heralds a trend reversal. A bearish signal would be generated once the price breaks below the neckline, which lies in the vicinity of 1.2780.

GBPUSD H1 interval. Source: xStation5

28 May 2026, 3:38 PM

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27 May 2026, 6:44 PM

Daily Summary – Oil Slides Along with Indices Despite Illusory Hopes for Peace

Forex

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