FX.co ★ The British triangle is on short-term initiatives

Good day, dear traders! I present you, a trading idea for the GBP/USD pair.

The British pound is in a triangular position and is preparing for a shot. It is possible to assume where it will shoot based on the initiatives. I have provided below the markup for GBP/USD in terms of initiatives and the "stop hunting" method.

This could happen today as early as Carney's speech at 10:30 London time

Let me remind you that the pound has fallen less than others recently, and has a very good power reserve.

After updating 1.30500, you can leave part of the position up to 1.28.

Good luck in trading and control the risks!