Sell stop 1.2600
Stop loss 1.3230
Take profit 1.0950
Time in mid-2019
Currently, the prospect of Theresa May being removed from power has diminished for now, and that has supported GBP.
Fundamentally, we are having a bearish bias towards 1.2200 where we could possibly see the exhaustion of bears and bulls taking over.
Please take a look at our idea and let us know what you think.
Now what do you think?