The pair has fallen sharply during the month of October & November, amid change in risk sentiment. Although price saw a nice pullback yesterday, price is now back at final support level. In addition, Theresa May is currently seeking cabinet support for the Brexit deal right now. The meeting is running two hours over its intended time. Where Theresa May is expected to have a live news conference right after. Therefore, expect to see high volatility going forward.
Trade Step-ups:
Bullish Reversal: Price rejects a break from final support level of the trend. Profit levels to look for are 1.8200 & 1.8600 respectively.
Bearish Breakout: Price breaks final support level, look for consolidation below 1.7800.