FX:GBPUSD   British Pound / U.S. Dollar
SELL GBPUSD 4HR FX:GBPUSD
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For those who want to re-entry, only if you find good reversal candle from this blue level, if not, we should not re-entry too soon.

Fundamentals: U.K. Political Turmoil Worsens

The extraordinary political drama has continued this week. On Tuesday, the U.K. Supreme Court held Prime Minister Boris Johnson had no right to suspend Parliament earlier this month. Parliament has convened on Wednesday, and a chastened Johnson is sure to face the displeasure of parliament and questions in his own Conservative party as to his ability to lead the government. Johnson has declared that he will take the U.K. out of the EU on October 31 even without a deal, but the opposition is just as determined to prevent a no-deal exit. The political chaos has pushed the pound sharply lower on Wednesday.

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