GBPUSD: Important Update! 🇬🇧🇺🇸
So we have nicely predicted a bearish movement on GBPUSD yesterday.
The price formed a head and shoulder pattern then.
1.189 - 1.1935 is its neckline.
To catch a further decline, I would suggest waiting for its breakout (you need a 4H candle close below to confirm the violation).
Then, a bearish continuation will be expected at least to 1.178 level.
However, if the price breaks a head level and sets a new high, the setup will be invalid.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.