GBP/USD – Inverse H&S failure

GBP/USDOANDA

Description

⋅ Nov 14, 2016 9:41 AM

Comments – On the 4-hour chart, we see inverse head and shoulder failure, followed by a retreat to 1.2535 levels. Still, a potential for a revisit to neckline hurdle seen today at 1.2670 remain intact following the Friday’s bullish daily close.