Following on from my previous post this is the hourly chart showing that so far this morning, channel support is holding on a wildly oversold GBPUSD
pair. Cable top side channel resistance not till around 1. 2750
. earlier resistance levels around 1.25
I expect that all will be broken over coming months as reversion to mean continues.
Fundamental: French votes against establishment, Queen to see Trump all support Cable. wildly oversold on daily charts
so possible huge move back towards equilibrium around 1.50 underway at present.