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.
Comment:
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 bounce
Trade closed: target reached