GBPUSD - potentian bullish break above 1,42 level

Pound is continously dragged down by Brexit fears and soft BoE comments, hence the larger trend is still bearish. However CPI 's are picking up in the UK limiting the space for further dovishness of the Bank of England.

Note: not a particularly high probability setup. Recent high volatility can lead to a quick stop out or a T/P reach.

Trade closed: target reached