Cable will be under strong bearish pressure unless there´s any statement from BoE or till Brexit referendum on June. Technically after breaking 1.40 we will probably see 1.34 area
I wouldn´t attempt any counter trend till there´s a clear reversal sign
Happy trading
Josep Pocalles
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We could be heading to target 1.34 till June
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Hi Traders,
The long term view is completed, the technical picture was warning of a strong downside till 1.32-1.34
We could see a recovery bounce if UK politicians delay their decision in activating 50 Article to exit EU