EJ has rallied from mid 2016 and recently has touched 78.6 fibo level (I will post the weekly chart on update section to show you that the rally has touched the most likely turning point fibo level).
In line with that, we have head and should formation which its neckline just broken. I expect 132 area to be solidly broken and a retest to bullish structure, after...
GBPUSD has broken and tested the inner channel. If the channel's resistance can hold, it is likely to continue its downward movement to bottom channel with confluence to 0.786 fibo level.
