GBPUSD (1.3781): The British pound braces for a volatile day as the British Prime Minister Theresa May and the BoE Governor, Mark Carney are expected to speak today. Following the strong declines earlier this week, GBPUSD managed to stabilize as price action was seen closing with a spinning bottom pattern on Thursday. This could suggest some near term upside in GBPUSD. A reversal could potentially signal an upside correction as price action could be seen rising towards 1.3900 where resistance is likely to be established.
: The British pound braces for a volatile day as the British Prime Minister Theresa May and the BoE Governor, Mark Carney are expected to speak today. Following the strong declines earlier this week, GBPUSD managed to stabilize as price action was seen closing with a spinning bottom pattern on Thursday. This could suggest some near term upside in GBPUSD. A reversal could potentially signal an upside correction as price action could be seen rising towards 1.3900 where resistance is likely to be established.){kind=link}