FX.co ★ GBPAUD M30: Inverse Head and Shoulders

The Inverse Head and Shoulders pattern has formed on the GBPAUD M30 chart. The head low is at 1.8853, while the neckline passes through 1.8897/1.8891. The formation of the Inverse Head and Shoulders indicates a potential reversal of the downtrend. A break above the higher neckline anchor may confirm the bullish reversal.