Scenario 2 not avoided yet, if we close above 1.4150 today then we should be on our way up starting tomorrow.
Main Catalysts for this upward move could be tomorrow's data releases from the UK on it's retail sales being good and from USA if the data is poor for jobless claims.
There is no other driver than these tomorrow as fear of Brexit took Cable today to lows of 1.4081.
In the long term I'm still very bullish about GBPUSD with target of 1.4620
Main Catalysts for this upward move could be tomorrow's data releases from the UK on it's retail sales being good and from USA if the data is poor for jobless claims.
There is no other driver than these tomorrow as fear of Brexit took Cable today to lows of 1.4081.
In the long term I'm still very bullish about GBPUSD with target of 1.4620