As the Dollar Index 
DXY strengthens, most of the major FX pairs are gearing up for massive drop or have started dropping already. One of these pairs is 
GBPUSD which is about to drop 500 pips in the coming days.
GBPUSD having formed a Head and Shoulder chart pattern, the bullish momentum of the DXY has caused a break of the neckline of the above mentioned chart pattern.
What to expect:
GBPUSD will most likely either retest the neckline that it broke, and then give a massive drop or it will continue the drop from the broken neckline all the way to 1.3030 before retracing.
Below are the expected targets for this setup
TP1: 1.3030
TP2: 1.2900
TP3: 1.2745
SL: 1.3370
Kindly support this analysis to enable it reach to other people, and do comment your thoughts.
https://www.tradingview.com/x/JRsWsswZ/
DXY strengthens, most of the major FX pairs are gearing up for massive drop or have started dropping already. One of these pairs is GBPUSD which is about to drop 500 pips in the coming days.GBPUSD having formed a Head and Shoulder chart pattern, the bullish momentum of the DXY has caused a break of the neckline of the above mentioned chart pattern.What to expect:
GBPUSD will most likely either retest the neckline that it broke, and then give a massive drop or it will continue the drop from the broken neckline all the way to 1.3030 before retracing.Below are the expected targets for this setup
TP1: 1.3030
TP2: 1.2900
TP3: 1.2745
SL: 1.3370
Kindly support this analysis to enable it reach to other people, and do comment your thoughts.
https://www.tradingview.com/x/JRsWsswZ/
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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.
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.