The Pound has been heavily beat up for the past 9 months, falling over 2,000 from the 1.5928 high. On the weekly chart below we can see this massacre unfolding in slow motion. But there are signs we're nearing a bottom here. Notice that the Stochastic turned from below the oversold 20 area and is now heading higher, a bullish sign.
In addition, as we can see on the daily chart below, it appears that the pair is bottoming out. The GBP/USD is slowly forming a Head and Shoulders reversal pattern. T…
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