GBP: Short term bulls capped by 1.30
We're still very much bullish the Pound but there are some target to the upside we need to be aware of. The 1.2975 - 1.30 level is big resistance and would be the test of the bullish structure.
If we grab the May 18th - June 30th move we can see there is a similar impulse to pullback ratio that suggests a test of this heavy resistance zone and a pullback to retest the white bullish structure.
Reprinted from FXStreet，the copyright all reserved by the original author.
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