The pair is forming a sweet symmetrical triangle pattern and we'll see a strong bullish move, also, UK's exit from the EU on January 31st will be taken well by the investors.
Brexit. Its kind of like a bad tattoo in that it never goes away, yet was almost immediately regrettable. Unfortunately that continues to be the case this week with Prime Minister May meeting with opposition leader Jeremy Corbyn to etch out a deal for the House of Commons to pass her bill which has already been rejected three times. Much ink has been spilled and...
GBPUSD will probably be headed sideways until the April 12th deadline after which if there is a no deal (unlikely) then the price will crash through the floor. But if there is an extension longer than a few weeks, I think we can expected to see price action gravitate towards the monthly resistance downward trend.
