What do we have here? (250 pips.. that's what!)

1.50 is a rock solid level, this is breaking or bouncing and we have great set ups either direction. On the buy side we have a textbook head and shoulders pattern with price projection up at 1.5260, that's 260 pips of profit! We have a major rejection candle on the 4h chart at 1.50 so be ready for some trouble at this level and even a bounce down to the lower missed weekly pivot.