British Pound Daily Chart On the daily chart below, GBP/USD had fallen to the neckline of a developing bearish Head & Shoulders chart formation. On top of this, prices have broken under the 100-day Moving Average (MA), opening the door to an increasingly bearish technical conviction. Further downside confirmation exposes the May low of 1.2308. Meanwhile, in the event of a turn higher, the right shoulder peak is sitting just below 1.2848. Pushing above this price opens the door to undermining the chart formation, placing the focus on the former rising trendline from last year. #finance #trading #investing #forexsignals #pips #forextrading #invest #trader #forexstrategy #daytrading #swingtrading #mentor #technicalanalysis #tradingonline #forexeducation #fx #forex#forexmarket#stocks#finance#trading#investing#forexsignals