GBPUSD Forecast:

Pound has found itself falling hard against most currencies on the back of poor economic data.

We are expecting some profit taking to occur and GBPUSD has arrived back at a 100% retracement of the previous swing up. This indicated a potential head and shoulders pattern, giving us an entry to short down to the 1.28500 level.
GBPUSDgbpusdanalysisgbpusd_forecastgbpusdideagbpusdsetupgbpusdtradeHead and Shoulders

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