GBPUSD: LONG TERM Outlook

As seen on Daily chart, an inverted Head & Shoulder pattern has formed and the cable is moving in perfect tune with the formation.
1.2300-1.2380 being a value accumulation zone.
Neckline breach occurs on sustainability above 1.2450

Upside Potential is seen to reach out to following levels:

1.2660

1.2760

1.2970

1.3180

This is a projection based on Fibonacci Retracement aligned with Inverted Head & Shoulder Pattern identified on Daily chart.

Weekly close below 1.1850 invalidates the projection.

Note: This is only for education purpose and not a trading advice.