Here we can see cable reach a strong resistance level
and forming a double top
. Although the state of the current economic climate is unpredictable at best, after the last 14 days of bullish
bars a correction is due. With buyers cashing profits, a response from the US and perhaps some more Brexit talks, a pull back to the 1.26/1.27 is definitely a likely prospect. We have taken an intra day short order from this resistance zone
and will hold for 200/300 pips.