GBPUSD H1
The market certainly has been of a mind to sell the pound but we haven’t succeeded in that elusive test of 1.5050.
The hourly above shows the potential basing formation that could happen if the bears decide to pull stumps for a while; that said we would have to get through good offers between 1.5220-60.
GBPUSD H4
Looking at the H4 gives us a potential first target around 1.5300.
However this pattern could swing both ways…..if you are bearish the H4 H & S may see you through the 1.5050 !
Something for everyone…
