GPBUSD has formed an Inverse Head & Shoulders
Reversal Pattern. Go long with SL below last swing low with targets around 1.1550 as Head & Shoulders
breakout length. There is also Elliott Wave
placed on the chart which shows Wave 1 or A was a 5 wave move and after a retracement of 50 to 61.8%, Wave 3 will be either 1.618% that is almost same targets as head & shoulders
breakout or on conservative target an Equal Legs move for Wave C will be around 1.5285. A Good Risk:Reward ratio on going Long for this pair.
Note: This is just my analysis. Trade with your own analysis.