All major greenback pairs were up 30-50pips in a matter of two hours because DXY went down. The dollar index was bearish today and it has reached weekly resistance. I am expecting DXY reversal(up) afternoon and tomorrow so all major dollar pairs may possibly see a reversal.
For the Cable pair, trendline from June 25, the top of the month may act as resistance as daily high. Always place the stop loss above the trendline to protect your money.
It will break it ;) . Its on the way up ;) as brexit no deal aint gonna happen so that will hugely strengthen the pound.
aparkon
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@Jamal92, Hi Jamal, thanks for the feedback. Do you live in UK?
Jamal92
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@aparkon, Yes my friend. The huge recovery for today was that parliament voted to stop the next prime minister from allowing no-deal brexit from happening which is GBP positive.
aparkon
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@Jamal92, That's cool... I would love to follow you for more UK news. For the recovery today, it's not only UK related. It's majorly released with Dollar Index price. DXY went down 0.5% today causing major dollar pairs to rise. You will be able to see AUD/USD, CAD/USD, EUR/USD went up significantly today. To prove my thesis see GBP/CHF.GBP/AUD. Other Sterling pairs ran sideways or down today.