GBP/USD - Inverted Head and Shoulders
Today we have GBP/USD on a Daily chart forming an inverted head and shoulders pattern, this is similar to one of my previous posts but the pattern is flipped.
As you can see price has recently formed the right shoulder, ready to make a move towards the neckline. If price starts moving lower, breaking support we may be forming a bullish cypher pattern instead, the link to this idea can be found below!
As always feel free to share any complimentary analysis and leave your opinion on this pair.
As you can see price has recently formed the right shoulder, ready to make a move towards the neckline. If price starts moving lower, breaking support we may be forming a bullish cypher pattern instead, the link to this idea can be found below!
As always feel free to share any complimentary analysis and leave your opinion on this pair.
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