If May is successful in her talks with Juncker today, the amendments to the deal could be ratified by the EU at an EU-Arab summit being held in Egypt this weekend. After breaking back below the upper trendline of the falling wedge pattern last week, GBP found demand and traded higher. Yesterday’s spike has now seen price moving back above the 1.3004 resistance level. While above here, focus remains on further upside with a break of 1.3304 eyed next. Mapping a projected ABCD move from the current structure gives GBPUSD an initial target of 1.3541, back up into the area of the September 2017 swing highs. To the ... (full story)