GBP/USD - Inverted Head and Shoulders

FX:GBPUSD   British Pound / U.S. Dollar
Today we have GBP/USD             on a Daily chart forming an inverted head and shoulders pattern, this is similar to one of my previous posts but the pattern is flipped.

As you can see price has recently formed the right shoulder, ready to make a move towards the neckline. If price starts moving lower, breaking support we may be forming a bullish cypher pattern instead, the link to this idea can be found below!

As always feel free to share any complimentary analysis and leave your opinion on this pair.
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Good view but it's also important to bear in mind Interest rates of Yellen today, can change a lot of things about GBP/USD
+1 Reply
It could have ruined the trade but we're dong well so far!
crazy,but needs patience
We have plenty of time :) hope you have a great week of trading.
canway LewisGlasgow
thanks,sir,i am in already
All the best, thanks for commenting
Damn lol I have the same analysis but the amazing thing is even if the price hits 150..00 the downtrend will be still intact :). I really hope it works cuz I am long slightly above 141.00 . Thanks bro
Exactly why I'm loving this pair at the moment, we'll see how it goes hopefully long all the way up from 1.41000
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