With the current fundamental situation. USD look to strengthen.
Monday will be a off day for Britain. Kindly refer to the below on the take profits area :
a) TP1 1.288
b) TP2 1.264
Trade at your own risk.
Bulls still in control of this pair after the breakout. My take profit area will be :
a) TP1 84.05
b) TP2 85.20
c) TP3 85.68
Failing to break-thru 84.05 will give a sign for reversal and closing the gap.
The breakout is so incline worried me a little because a breakout with angle more than 45' degree is a sign for it to go even further up. and that is why i'm going short with small lot size and tight Stop Loss.
Short because the cycle seems to end approaching the previous Resistance. Trade at your own risk.