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British Pound / U.S. Dollar
Short

GBPUSD: Important Update! 🇬🇧🇺🇸

By VasilyTrader
Updated
snapshot

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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