Sforex

IDEA FOR GBPUSD NEXT WEEK.

Short
FX:GBPUSD   British Pound / U.S. Dollar
3
Will GBPUSD retrace to finish the head and shoulder pattern ?. It depends on EURUSD move. If EURUSD move is downtrend, GBPUSD fall down too and vice versa.

In my opinion, I choose the downtrend. I SHORT GBPUSD to the target: 1.64, Stop Loss at 1.6578. 80 pips from current price.

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