Jmaxfx

GBPUSD Head and Shoulders

Short
OANDA:GBPUSD   British Pound / U.S. Dollar
With the continuation of the downtrend and scare within the U.S market. I speculate from a fundamental perspective that the downtrend will continue. As for technical, after measuring the swing high & swing low not only does the 61.8 area align with confluence to previously respected price levels. My exit price levels, 127 and 618 align with the weekly low & monthly low. Now I am awaing for the retest in this area, respecting the volume push towards the downside.
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