We have this trade just after 22:00 Yesterday, and there was no deal and it seems the European Union will not let Britain dictate their rule to them. We saw pounds at a fairly high retracement level looking at the weekly chart. Our stance suggest buying is over that is why the long trade was exited on Wednesday. see trade:
See earlier analysis:
As we stand even on Friday the momentum to the downside is frightening even for Cable, we hold on to this position as we continue to see lower prices.
Levels to watch out for: 130.86, 130.19
Levels to watch out for: 130.86, 130.19