Analyst
The price of GBPUSD dropped on Friday because of the same reason, a comeback of USD buyers triggered by William’s declaration. The price stopped very close to the round level 1.5500. In this area are found the 38.2 and 50 Fibonacci retracements.
GBP started again to rally. I am expecting for this up move to reach 1.5616 and continue towards the latest high of the trend. A break of these two would signal that the bulls are in control and they might push the price all the way to 1.5700.
On the other hand a break below 1.5500 would signal a drop to a key support found at 1.5475.
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