stockmarketdaytrader
Short

Pound is about to drop, jump in

FX:GBPUSD   British Pound / U.S. Dollar
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The pound is about to drop , we have a head and shoulders pattern in place, its just a continuation drop , its much expected! If the neckline gets penetrated then there is still room for more pips to drop , not a lot, but just a few! Price found resistance at S1 level and bounce right of it, telling us it will continue the downward movement !!! Hourly chart formed railway tracks which support a move lower. There is a bigger head and shoulders on the hourly chart which should propel prices lower!
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