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.
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.
