Hi traders

The Gbp/USD is showing some very good support off the 1.51699 level which is potentially the support level created by an inverse head and shoulders.

Price is coming off the right shoulder and if it can manage to break the 200 EMA then we could possibly see a 500 pip move to the top of the neckline sitting @ 1.56260.

Let's keep a very close eye on this baby.

Happy trading

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