GBPUSD was in a bullish channel since December 2018 so about 6 months. After breaking out of the bullish channel it broke the price zone 1.30000 late April 2019. Last week it bullishly engulfed 3 .. almost 4 weeks of bearish price action. It has now since retraced at least 75% of that strong bullish candle, finishing the right shoulder of a Head and Shoulders pattern. Are we seeing the the slowing momentum of the bullish channel and creation of a bear push? Or will 1.30000 hold strong?
