Price chill out at the bottom for nearly 3 months on 78.6 area and after completed a daily both TP continually dropped to Quarter point plus 1.13 with a insane run. This leaves me a doubt that who has this kind of power push the price and rush to stack Euro?
Think about one thing if Brexit came off with a no deal which means they have to obey a lot rules including paying a lump-sum to the EU and we are talking about billions.
My thought is that they are preparing a "no-deal" Brexit which requires a huge amount of EURO and stacked it up from a relatively lower price.
Be very careful about TP point should be around 38.2 or previous quarter point, Since UK buying other currencies momutem is high with their poor data, what if they currency reserve is not on the right track? Big sharks could be aiming for that.