GBP/USD 2H FMFR Pennant – Bullish Engulfing at Reversal ZoneGBP/USDOANDA:GBPUSDsddhrthmallick736On the 2-hour time frame, GBP/USD is forming a pennant-type structure based on the FMFR (First Move Fake, then Reversal) concept. The first move of the pattern has already played out, and price has now reached our marked reversal area. Additionally, a bullish engulfing candle has formed directly at the reversal zone on the 2H chart, indicating potential buying strength from this level. If price continues to respect this area, we may see a short-term upside reaction from the current structure.