Morning star has formed signalling a strong change in sentiment. Price has broken the near term trenline (blue) and there should be some upside here to at least 1.25 or possible 1.26.
Technically we are still in a downtrend and traders are going to be nervous about going long. Any negative GBP news could cause a reversal so pay close attention.
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Lots has changed over the weekend. Teresa May has said Brexit will still happen after last weeks surprise decision by the High Courts that Parliament must be consulted.