Alright guys , as with my future ideas I will be including fundamental and technicals with my position. As you know , Brexit has been a major factor in movement in the pair. Even the technicals were practically invisible to the movements witnessed in some of the Brexit rumors or truths. The tone around the Brexit “effect” is set to dwindle slightly allowing technicals to take over . After the new year that may change , but for now I believe the pair to stage a recovery towards the 200 hour ma @ 1.2684 and if breached can send the pair over 1.2700 and beyond .
Comment:
Worth mentioning , watch for a weekend gap possible . If it is a drop in price might want to look to buy it ASAP for a fill in the gap which may happen quick . If the gap occurs below 1.2550 be cautious *
Trade active
Trade closed: target reached