FX.co ★ GBPUSD H1: Head and Shoulders

The GBPUSD H1 formed the Head and Shoulders pattern with the following features: The Head’s top is at 1.3422, the Neckline and the upward angle are at 1.3361/1.3354. The formation of this pattern can bring about changes in the current trend from bullish to bearish. In case the pattern triggers the expected changes, the price of GBPUSD will go towards 1.3314.