MonsterMoves
Long

GBPUSD inverse head and shoulder

FX:GBPUSD   BRITISH POUND / U.S. DOLLAR
118 0 4
Head and shoulder pattern on the GBPUSD             daily chart . You could go long now and keep a nice tight stop or be a little more conservative and wait for a break above the neckline.
1.) pattern formation
2.) lowest price has been in over 20 years = strong support at this level.

I don't think it gets much clearer than this.
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