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Mihai_Iacob

GbpUsd- 300 pips breakdown ?

Short
British Pound / U.S. Dollar (OANDA:GBPUSD)  
Mihai_Iacob  
OANDA:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators GBPUSD gbpusdshort gbpusdsignal gbpusdanalysis gbpusdtrade gbpusdidea
11
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trendanalysis chartpattern indicator gbpusd gbpusdshort gbpusdsignal gbpusdanalysis gbpusdtrade gbpusdidea
For the past month and a half, GbpUsd consolidated in a pattern that we can consider H&S.
Yesterday the pair failed to reconquer 1.24 and is trading now in the neckline support of the pattern.
A break looks imminent and a drop to 1.2 is very probable.

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