FX:GBPUSD   British Pound / U.S. Dollar
Sterling pound is struggling on different levels:
1- BOE disappointed investors by providing less liquidity than anticipated.
2- Brexit woes.
3- Fear of second Covid-19 wave.
4- Economic recession
All those factors are weighing on the pair which almost completed a head and shoulders pattern on the 4H chart, but still waiting for confirmation.
Bears and bulls are now fighting over the neckline support.
Traders must wait for a confirmation/close below this level for a safer short position.
Good luck

Ramzi Abou Abdallah, CFTe, CMT

♦️ Subscribe to my telegram channel for daily signals for free, link below:
♦️ t.me/accu_trading
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.