GBPUSD: I Head And Shoulders Pattern on the Daily Chart

Cable continues to look to Brexit for direction. The pound rallied on the reports that the UK PM May is considering a plan to delay Brexit.

Positive headlines in the Brexit negotiations are expected to be supportive of the continuation of the uptrend.

Cable is printing a huge inverted Head And Shoulders pattern on the daily chart.

Potential breakout of the neckline will trigger the bullish move.

Levels as described.