Head and Shoulder GBPUSD
After rejecting price at 1.2340 area and if pass the support from previous high at 1.2150, it could possibly make a head and shoulder formation.
Left shoulder (1.2150), Head (1.2340), Right Shoulder (1.2150) theatrically it could be bearish head and shoulder.
**note that dxy GDP reported came out -0.6 from previous and last week USA GDP +2.9 ,positive non-farm and ISM Non-Manufacturing PMI Monday**
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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.