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Denneex

GBPUSD H4 Analysis.

British Pound / U.S. Dollar (FOREXCOM:GBPUSD)  
Denneex  
FOREXCOM:GBPUSD   British Pound / U.S. Dollar
Chart Patterns Trend Analysis
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chartpattern trendanalysis
GBPUSD H4. The pair is currently in downtrend.
snapshot
We have seen a pullback to the first resistance level. A break of the resistance next target will be the second resistance level. USDIndex is still in consolidation. Breakout of the USDIndex will determine the direction. From the chart there is head and shoulder formation. Let see how the market will react to these levels.
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