As you can see from the chart there has been a very strong and well respected trend line that has been acting as resistance, we can see that the price broke this line for a day and now has fallen back below it, some might have thought that resistance was going to turn to support but we are confident that this will continue to be used as resistance with all the brexit negotiations going on, we can only see the GBP getting weaker again.
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This trade entry, TP and SL are reserved for our clients.
If you would like to join our team then please send us a message for a friendly chat.