Last night we saw a bull trap. That’s over.
Based on the proximity of GBPUSD to the support now, it might be bulls’ turn. If so, the next zone to watch is the pullback resistance. If that breaks, this whole episode is a consolidation. If that resistance fails, we got a bearish continuation with head and shoulders.
All this happens only if bulls take over for a while.
GBPUSD bull trap sprung
