The chart draw a head and shoulder pattern after inverted Head and Shoulder last February to April. Waiting for good News on GBP tomorrow. Since this is overbought, it needs to be breath around -15% to -50% (a nice entry for uptrend). beware of FED Announcement because this are main things that GBP become bearish. BREXIT is a bullish trend for this. Happy Trading.
Notes: Sell on Good News and Buy on Negative news Buy on Rumors. If undecided. set your position every 4 hours. As a Derivative representative, I can't guarantee on your possible losses/gains in position.