Trading Signal for GBP/USD on May 20-22, 2022: sell below 1.2500 (head shoulders pattern – 21 SMA)

Early in the American session, the GBP/USD pair reached the resistance level of 1.2498. Since then, it is pulling back and is now testing the support 3/8 Murray at around 1.2451. Supported by the selling pressure around the US dollar, GBP/USD has extended its weekly rally and reached the psychological level of 1.2500 for the […]