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GBP/USD Technical Analysis

Short
British Pound / U.S. Dollar (OANDA:GBPUSD)  
traderpulse  
OANDA:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Chart Patterns GBPUSD gbpusdshort
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trendanalysis chartpattern gbpusd gbpusdshort
The counter is currently in a pullback mode after a steep fall.
The correction has ended with the formation of a head and shoulder pattern.
The price action has broken the neckline and is currently consolidating just below it.
Hence, we expect the pair to be bearish in the near-term.
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