AlbionTrader

GBPUSD will break the neckline?

Long
FX:GBPUSD   British Pound / U.S. Dollar
GBP on a neckline of a Head and Shoulders formation on the 2-hour chart, just as some volatility is expected for some news coming out that might shake the market.

Indicators seem to show divergence but CAUTION is mandatory now.
If it breaks low keep in mind the soft resistance at 1.2338

Watch closely!