After May's speech we had a big sell off of the pound. This resulted in a bullish engulfing pattern on GBPUSD. i expect a pullback before the pair heads to 61.8% fib ratio at 1.2985.
Note
we are almost back at our anticipated trendline after our short played out nicely following the pullback. two scenarios might playout. either a break or bounceTrade closed: target reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.