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GBPUSD: DYNAMIC H&S IN PROGRESS

British Pound / U.S. Dollar (FX:GBPUSD)  
linofx1  
FX:GBPUSD   British Pound / U.S. Dollar
Support and Resistance Trend Lines Head and Shoulders
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supportandresistance trendline headandshoulders
↪️GBPUSD remains pressured toward 1.2400, as the US Dollar grinds higher ahead of the European open. I spotted a dynamic H&S pattern which made me bearish bias. The pair trades near 1.2400, where the ascending trend line and 50 SMA on the 4H chart align. A close below that level could trigger an extended decline toward 1.2360_1.2320 ...Trade safe 👍✅
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