MP3

GBPUSD head and shoulder reversal

Short
FX:GBPUSD   British Pound / U.S. Dollar
Given the current price action around 1.31, the potential left shoulder which was the previous high failed to hold as support for a continuous up movement above 1.32 after the rejection. We can see price trying to take support at 1.3080 zone, if that happens we expect price to move up to test the left shoulder level to form the right shoulder. The price will begin a reversal to fall below 1.3000.
Thank you.
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