GBP/USD – Inverse head and shoulder

The pattern below looks like a inverse head and shoulder. the neckline stands around 1.3135 levels or so. A break higher would mean the Brexit sell-off has ended. Meanwhile, a failure at the neckline can prove fatal. Don’t forget we had ¬†similar inverse head and shoulder on chart back in June 2015. The spot failed to cut through the neckline and what unfolded over the two years is history…

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