Massive Head and Shoulders Pattern in Play
It was at least one year ago I first mentioned this massive head and shoulders pattern in GBPUSD, and it continues to suggest that GBPUSD is heading to much lower levels. In the short-term, GBPUSD is now near the 2016 low and my target, but a break to the 2016 low could send it racing towards the 1985 low of 1.05.