Bullish formation (Coil, breakout, above flash crash levels).
Post US election, GBP has seen steady gains against the USD which has itself rallied against major currencies (EUR, JPY, AUD, CAD).
UK Brexit looking less and less of a concern for investors as economic indicators are consistently beating expectations. Dire consequences have been priced in which are failing to materialise. Short squeeze likely.
Next 3-5 day target: Resistance and 100 DMA at 1.285.
Post US election, GBP has seen steady gains against the USD which has itself rallied against major currencies (EUR, JPY, AUD, CAD).
UK Brexit looking less and less of a concern for investors as economic indicators are consistently beating expectations. Dire consequences have been priced in which are failing to materialise. Short squeeze likely.
Next 3-5 day target: Resistance and 100 DMA at 1.285.