USD/GBP Head and Shoulder chart pattern analysis

I would like to show you the daily chart of
the GBP/USD.
As can be seen in the attached picture, technical analysis shows what looks like a “head and shoulders” Pattern forming, suggesting a strong downward movement in the upcoming month. Marked in blue are the key resistance and support levels - Use them when deciding on a trade direction as it will most likely struggle to break through it and will likely bounce back from it a number of times.

Remember that in terms of Fundamental analysis, we might see extreme volatility on the pair during the US interest rate decision [released on the 23d of September at 18:15pm GMT] and that could very much decide the future of the pair.


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