The cable has stopped its C correction wave right on 50% Fibonacci retracement of the first Impulse in h4 chart; we can clearly see a Cypher pattern, now price is in PRZ and there are good chances for an upside movement until 1.2390;
in h1 chart Rsi has just crossed 50;today USA data were mixed and the inflation CPI meets the forecast but 1.8% is STILL UNDER FED TARGET so there are possibilities for another cut in 2019, USD is beginning to have a bad time!
stop loss at 1.22560 take profit 1 at 1.2390
long term view : it will depends on BREXIT news but I think 1.25400 is a possibility; I will update you on this trade
in h1 chart Rsi has just crossed 50;today USA data were mixed and the inflation CPI meets the forecast but 1.8% is STILL UNDER FED TARGET so there are possibilities for another cut in 2019, USD is beginning to have a bad time!
stop loss at 1.22560 take profit 1 at 1.2390
long term view : it will depends on BREXIT news but I think 1.25400 is a possibility; I will update you on this trade