• Potential inverse head and shoulders • Bullish reversal pattern forming after a downtrend bottom • Expect right shoulder to have a higher support than left shoulder • Therefore, a retracement to 1.20 or 1.19 expected before the upside breakout • Breaking the left shoulder's support around 1.17 invalidates this pattern • Upside target is projected based on the height between head and neckline • Successful breakout implies Pound surging towards 1.40