No it is not head and shoulders no way, this is a clear ascending triangle higher highs followed by higher lows this pair will continue to go up. unless it breaks the triangle then it will bomb down :)
BernyFx
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I dont see GBPUSD falling
Screenshot this
michaeldobfx
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@BernyFx, Agreed, in a way, the weaker the USD will get, the higher this thing will go. Wouldn't even make sense to see a fall back down to anywhere lower than 1.25 when things are starting to improve globally.
allan_1206
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Im expecting bounce around 1.2725 area and to push through the resistance at 1.273 up towards 1.28 area, think its been consolidating If dose go short I dont think it will go past 1.263 for now
FXKing009
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@allan_1206, Have you got a chart explaining your reasoning? Would just love to see thoughts on this