GBPUSD: What to Look at This Week 🇬🇧🇺🇸

On the GBPUSD chart, an inverted head and shoulders pattern has emerged within the 4-hour timeframe. The critical range for the neckline is between 1.2684 and 1.2660. A break and close above this range could be a strong signal to initiate a buy position, either immediately or upon a pullback to the neckline.

Anticipation is set for a bullish trajectory aiming for the previously mentioned target above.

⚠ Caution: Should the price drop to a new low, this trading strategy would no longer be applicable.