In my view the GBP has not yet broken out. however it is a highly advanced pattern.
I had a long GBPUSD, but as I still expect a retracement, I closed this and pegged a buy stop point below current action to get a better fill.
The risk is that I miss the BO. Previously I have always biased to be in and ruined Risk reward ratio on drawdown.
I have decided where market action has not completed I will rather miss a few BO trades and rather nail the ones that behave as expected.
I have also placed Short stop entry orders on the S&P as detailed above below 899.9
