IulianBondar
Short

H&S on GBPUSD - a retest of the lows in sight?

FX:GBPUSD   BRITISH POUND / U.S. DOLLAR
Hi guys,

I believe this 4H pattern may have been developed. I stand by it as long as the market manages to break 1.2360 today (mid-bollinger on Daily and 13MA on Weekly) - this would validate a retest of the lows from October.

Also take into consideration the continued strength of the FX:USDOLLAR             and the fact that GBPUSD             was not able to bounce back up from the 1.2400-12420 area (which was a strong support).

I would invalidate this trade above 1.2500
Comment: Move under way!
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