GBPUSD Forex Analysis - Head & Shoulders Pattern Forming At 1.2546 Daily Resistance

Join Senior Market Strategist & Trading Mentor Duncan Cooper as he watches price levels on the GBPUSD daily and 4-hour charts.

A head and shoulders pattern may be forming on the daily chart.

Price has closed back below the 1.2448 monthly resistance level.

Watching for price to rally and fail at the 1.2448 monthly resistance level for a further decline targeting 1.2307 last month’s low.

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