#GBPUSD

This is how the pound looks like at the present moment. It's about to break the neckline of the H&S formation that proposed the reversal. We are still on hold as the USDx is also about to break a key trend line f a descending channel.


This upcoming week could provide great trades. This one, especially, could become another positional trade.

Cheers and Good weekend.

The daily chart showing a trend line (neckline) that has been touched (and actually penetrated) for 4 times. Next approach will most likely break this line.