Head and shoulder neckline approached...
The GBPUSD has moved below the 200 hour MA at 1.2589 after testing it yesterday and again today. The price is also testing the 50% of the move up from the end of November low at 1.2579. The neckline of a head and shoulder is being approached at the 1.25707 level. The underside of a broken trend line is below that level is at 1.2564.
