British Pound GBP January 2017

The flash crash points a very important series of higher highs and lower highs for British Pound. The GBP is now nearing support where a rally continuation can be seen at least into the .236 or .382 zone. While shorting GBP has been rewarding, it is likely to be bound for a rally.

March will be a sticking point for GBP but for now we do away with politics and focus on the price action and as long as the lows are set since November 2016, the bearishness has run its course.