GBPUSD – Daily Forex Technicals by ForexHound.com May19th

GBPUSD is beginning to show signs of a reversed head and shoulders pattern, to become complete we would likely see a pullback towards the 1.95-1.9450 area before a bounce back above the 1.9600 resistance line. GBPUSD is beginning to show signs of a reversed head and shoulders pattern, to become complete we would likely see a pullback towards the 1.95-1.9450 area before a bounce back above the 1.9600 resistance line. A projected target of this pattern is the 1.9850 area, where we have already seen the pair finding significant resistance.

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