GBPUSD POTENTIAL HEAD & SHOULDER REVERSAL PATTERN IN H4

Price completed a retest and it’s set to make a bullish move today. We have key economic data on USD today (INFLATION RATE & FOMC MINUTES) that can make price volatility high. A buy opportunity is envisaged, when price pullback around 1.25663.

Technically, price is currently forming a head and shoulder pattern (bullish reversal pattern) that can induce a buy pressure.

Target- weekly high ($1.27)