GBPUSD has broken down through the neckline of a head and shoulders pattern developed since mid-April. This would indicate a substantial decline ahead, and a strengthening of 
DXY. This is similar to the head and shoulders pattern seen in EURUSD. (See my related idea on EURUSD).
NOT INVESTMENT OR TRADING ADVICE.
DXY. This is similar to the head and shoulders pattern seen in EURUSD. (See my related idea on EURUSD).NOT INVESTMENT OR TRADING ADVICE.
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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.