FX:GBPUSD British Pound/U.S. Dollar
We are seeing quite the textbook pattern here. As selling pressure exhausts we can expect to see a rally from the bulls. The optimal entry will be on a break of the , with stops placed below the lowest low of the . Expect to see a rally up to around the 1.56500 level, with a break above the 1.57000 we can look for secondary targets.