GBPUSD SHS pattern projects a 3% fall

The GBP/USD pair is about to trigger a head and shoulders pattern on the daily chart, after rejecting the 50% Fib level of the April '18 - December '18 impulse move.

The pattern projects a fall of around 450 pips (around 3%), which aligns with the December 2018 low of 1.2500.

Bear in mind that upcoming Brexit developments may increase volatility and intraday noise in the pair.

İşlem aktif:

Trade well in profit and TP1 reached

İşlem kapandı: hedefe ulaştı:

Trade closed 240 pips in plus