week, as Boris Johnson suggested that there would be no extension when it comes to leaving the European Union. Quite frankly, he came to deliver Brexit and it looks like he’s going to. This had a lot of the “weak hands” in the market running for cover, and therefore we have seen a pretty significant break down. That being said though, the 1.30 level should continue to be very important as it is the top of the previous bullish candle. That candlestick breaking to the upside opens up the door to a potential move to 1.38, and obviously the 1.35 level will have caused significant resistance anyway. After this pullback though I anticipate that the British pound will continue to grind higher and eventually break back towards the 1.35 handle, before fulfilling that move to the 1.38 handle again.


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