Head and Shoulder GBPUSD

After rejecting price at 1.2340 area and if pass the support from previous high at 1.2150, it could possibly make a head and shoulder formation.
Left shoulder (1.2150), Head (1.2340), Right Shoulder (1.2150) theatrically it could be bearish head and shoulder.
**note that dxy GDP reported came out -0.6 from previous and last week USA GDP +2.9 ,positive non-farm and ISM Non-Manufacturing PMI Monday**