The UK has no agreement to leave Europe and the fear is still there. The pound is still under pressure.
4 hr chart: Stoch has reach the overbought area in a down trend , and giving a negative signals; RSI retest and reject from the 50 level seem maybe to continue it down side; retesting the 20 ema;
Pound US today's fluctuation range is 1.2000-1.22250. Would be a short bias in this pair. Target around 1.2080-1.2050.
*This is based on current market conditions which can change any time. All trades taken at your own risk.