GBPUSD is forming a head & shoulder on hourly chart, plus already 618 retracement. A reversal will be most possibly happen after breakthrough downwards.
Note
Fib 0.382 level will most possibly resist the downtrend, price will most possibly go back testing the neck line.
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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.