So far the cable has been respecting the Head & Shoulder formation. At present the GBPUSD is a waiting trade as we will need to have few confirmation before we will start to get involve in a trade. SELL opportunity: wait until we break the Head & Shoulder neck line. BUY opportunity: wait until we negate the Head & Shoulder pattern and break above the daily resistance before start buying. I will update you with targets once I will have either confirmation.

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