Thomaswestw

Head and Shoulders Drop May Extend on Bear Flag Break

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FX_IDC:GBPUSD   英镑/美元
GBP/USD found support around the 161.8% Fibonacci extension -- a common target -- after a Head and Shoulders breakdown. Prices look primed to fall further after forming a Bear Flag pattern. A break below flag support would likely invite further weakness. A drop to the H&S's 261.8% Fib extension would put prices back at December levels.

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