GBPUSD - Intraday - We look to Sell at 1.2495 (stop at 1.2550)
Posted a head & shoulders formation. Although an initial rally was posted, sellers emerged and follow through bearish momentum resulted in all the previous day's gains being overturned. Posted a Bearish Outside candle on the Daily chart. Expect trading to remain mixed and volatile. Intraday signals are mildly bearish. We look for a temporary move lower. Our profit targets will be 1.2330 and 1.2250