The price has just touched the resistance level of the channel and we could see a massive bearish candle follow the touch of the resistance level, this is not solely because of the resistance is strong. This bearish candle has happened due to the UK parliament losing some of the main cabinet members over a disagreement about Brexit. These ministers did not agree with Theresa May about having a soft Brexit and have now decided to leave, this is a massive hit for the UK as Brexit negotiations still have to take place and the NATO meeting is getting closer and closer and the UK are lacking a strong government. This looks like it is going to have a negative impact on the pound.