GBPUSD H&S setup

29 thg 8

Intraday Update: The GBPUSD has a head and shoulder setup, thanks to the USD strength (overall) following the EZ economic data earlier. The neckline is at the 1.3150 level. A move back above the 1.3230 would invalidate. The weekly unemployment claims will be in focus later today for direction. A stronger US unemployment claims (weak number, good for USDollar) could send the pair towards the neckline later.