GBPUSD SHS pattern projects a 3% fall

FX:GBPUSD   British Pound / U.S. Dollar
The GBP/USD pair is about to trigger a head and shoulders pattern on the daily chart , after rejecting the 50% Fib level of the April '18 - December '18 impulse move.

The pattern projects a fall of around 450 pips (around 3%), which aligns with the December 2018 low of 1.2500.

Bear in mind that upcoming Brexit developments may increase volatility and intraday noise in the pair.
Trade active: Trade well in profit and TP1 reached
Trade closed: target reached: Trade closed 240 pips in plus
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