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  4. GBP/USD Leaned Heads and Shoulders Targeting Next Support

GBP/USD Leaned Heads and Shoulders Targeting Next Support

February 28, 2017 08:05

The GBP/USD might attract fresh sellers within POC 1.2455-70 zone targeting 1.2360 and 1.2330. The POC (38.2, inner trend line, EMA89, H3, ATR pivot, right shoulder) has been formed within the context of leaned head and shoulders pattern and it looks a bit bearish. Traders should pay attention to either positional or continuation trades short term as long as 1.2510 holds. 1h momentum or 4h close below 1.2415 suggest continuation towards above mentioned targets.

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