The GBPUSD pair was able to break the critical support level of 1.6080, which represents the neckline of a Head & Shoulders patter.

Now, we are waiting the bearish effect of this pattern to start, which has downside targets that reach down to 1.5860, but 1.6045 level is forming strong support barrier stopping the price from achieving more bearish actions so far supported by Stochastic positivity.

We should carefully note that breaching above 1.6080 followed by 1.6130 might invalidate the negative effect of the mentioned pattern and might bring the price back to the upside track.