markfx26

Possible inverse head and shoulder

FX:GBPUSD   British Pound / U.S. Dollar
3
So right now price could look like it could form a inverse head and shoulder if price breaks neckline then price will retrace to 78.60% then make its way to about the 1.25ish area, but if price continues to drop then price will drop to around the 1.9500ish area.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.