For the past month and a half, GbpUsd consolidated in a pattern that we can consider H&S.
Yesterday the pair failed to reconquer 1.24 and is trading now in the neckline support of the pattern.
A break looks imminent and a drop to 1.2 is very probable.
Yesterday the pair failed to reconquer 1.24 and is trading now in the neckline support of the pattern.
A break looks imminent and a drop to 1.2 is very probable.
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