Head and Shoulders in Play

The GBPUSD has confirmed the large Head and Shoulders pattern with a break below the neckline @ 1.355 and I expect price to subsequently start breaking lower. I do however still think there could be one last pullback to above the neckline to either the Daily 21 EMA @ 1.365 or the Daily 50 SMA @ 1.378. But any bearish price action will likely see strong moves to the downside. The initial short target will be the Monthly S1 @ 1.330, with even lower targets as price pulls back and then breaks lower once again