The GBP/USD pair failed to form the potential reverse Head and Shoulder chart pattern we identified a few weeks ago.

Chart

 

This screwed up its chances for a bullish reversal in the near term especially as the pair continues below the daily Ichimoku Cloud.  For more on Ichimoku strategy development, don’t forget to grab the PDF version of my book, Ichimoku Secrets.

For my forex trading signals, visit your membership area on the PIG.

 


 

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