No-deal Brexit is ruled out supporting pond to go strong these days. Postponing Brexit is what's likely to happen in the coming future, the secondary referendum is expired as well, and the changed date totally leaving EU will arouse more attention from market. However, EU hasn't responded yet, sterling is still suppressed by the uncertainty and the down-trend line from 1.3380. The triangle is forming and the clear trading signal will be released soon. Dropping and jumping is naturally balanced. If it's confirmed to lose support at 1.3215, the further decline should be seen to 38.2% retracement of 1.3380 to 1.2775 at 1.3150 and 1.3080 ,50% of Fib next. Upside, though, break out down-trend line will turn focus back to 1.3340 resistance instead.
The target is 1.3080.
Turning point: 1.3215.
Above 1.3215, bullish , target price is 1.3340.
Under 1.3215, bearish , target price is set at 1.3150, then 1.3080.
Even if we can't rule out the possibility of continuous adjustment, its time should be limited.
If you like the strategy, please click "AGREE" and follow me. Your trust is my biggest motivation.
Prior Strategy:
The target is 1.3080.
Turning point: 1.3215.
Above 1.3215, bullish , target price is 1.3340.
Under 1.3215, bearish , target price is set at 1.3150, then 1.3080.
Even if we can't rule out the possibility of continuous adjustment, its time should be limited.
If you like the strategy, please click "AGREE" and follow me. Your trust is my biggest motivation.
Prior Strategy:
