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FX.co ★ GBPUSD M30: Inverse Head and Shoulder

GBPUSD M30: Inverse Head and Shoulder

Inverse Head and ShoulderAccording to the chart of M30, GBPUSD formed the Inverse Head and Shoulder pattern. The Head’s top is set at 1.2658 while the median line of the Neck is found at 1.2630/1.2649. The formation of the Inverse Head and Shoulder pattern evidently signals a reversal of the downward trend. In other words, in case the scenario comes true, the price of GBPUSD will go towards 1.2688
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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