OmiFX8

GBP/USD update: teasing inverse head and shoulders breakout

Long
FX:GBPUSD   British Pound / U.S. Dollar

Current rate: 1.2736

Cable clocked a high of 1.2757 post-NFP. The pullback does little damage to the bull view.
A 4-hour close above 1.2745 would confirm a inverse head and shoulders breakout and open the doors to at least $10. pip move.

The breakout on 4H would supplement the bullish profile of the daily chart, which has 5 and 10-day bull cross and the bullish divergence of the RSI

Buy GBP/USD @ 1.2737 target 1.2-1.2830 with stops below 1.2667

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