Respected 31 EMA, which is only indicator so it may mean nothing, however this could trigger GBP to drop a little and potentially bounce from 50% Fib level and fly. This level is the strongest due to it being a psychological level too. If not then manual support at 1.2590.
This formation would help form a 4hour W, which would then make the trade stronger.
This formation would help form a 4hour W, which would then make the trade stronger.