Possible Head and Shoulders Pattern in GBP/USD?

A lot of times, especially during the summer slow months, there isn’t enough fundamental news to drive the markets and it’s times like these when the technicals can really take over. Just doing a quick perusal of some charts, I came across this: a possible head and shoulders pattern in GBP/USD. Have a look:As you can see, this pattern isn’t “perfect”. Yet it’s close enough to merit some observation in my book. I’m going to keep an eye on this pair and will be shorting the breakdown around 1.635 should the pattern complete. Stay tuned!