1. The pair has been on uncertainty for the past 3 months with huge ups and downs
2. I reach the lowest point of the year around 1.24 where the bear trend seems to end
3. It is currently on an upward trend and it breached the weekly trendline which opens the door for future highs.
4. It is currently trading around 1.2840 we can expect the pair to retest the 1.28 psychological line and shout to the next target of 1.2950 near the 800 EMA
*** We must take into consideration Tuesdays parliament decision if its in favour for the GBP or not!
2. I reach the lowest point of the year around 1.24 where the bear trend seems to end
3. It is currently on an upward trend and it breached the weekly trendline which opens the door for future highs.
4. It is currently trading around 1.2840 we can expect the pair to retest the 1.28 psychological line and shout to the next target of 1.2950 near the 800 EMA
*** We must take into consideration Tuesdays parliament decision if its in favour for the GBP or not!