FX:GBPUSD   British Pound / U.S. Dollar
As you could see 1.24050 is holding as key support level . We have strong bullish candlesticks sitting on the 200 EMA (Magnetic Support) presented on the 4 Hour timeframe. The UK government is confident with brexit. We can possibly see price reach 1.2700. Our long entries will be triggered on the break above the trendline and the red dashed level (1.25400); entries will be confirmed on bullish PA. If however, the charts project strong bearish PA at this level we may consider setting up a short setup. Our longer term trade setup will be the possible short setup around 1.2700 to our downside targets outlined, 1.23500, 1.22500 then possibly 1.2000. However, the short setup will also be confirmed on bearish PA. Our stops will be places above the Weekly/Daily Resistance zone around 1.29450.



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