Pound on defensive due to political turmoil. However, it is pretty flat across against its peers. Market has not fully price in for the political risk. However I am still bearish on pound. If price break below the support level I will look for short.
Reward to risk for this analysis is 5 : 1
Nevertheless, there is a chance of reversing upwards too. If market break above 1.6723, I will look for long opportunity.
Reward to risk for this analysis is 5 : 1
Nevertheless, there is a chance of reversing upwards too. If market break above 1.6723, I will look for long opportunity.