GBPUSD watching potential reversal of lower TF trend
Daily chart shows morning star candlestick pattern off the 1.26600 price level. Digging deeper into the lower TF, we can see an inverse H&S pattern coming into play. We will want to see pings off 1.26600 and/or either 2.382 or 2.618, and a break of the last lower high would indicate trend could be changing.