I have a feeling based on how the price action has been lately that this wont go more than 1.2825 as a result of the Monday holiday which should see the selloff in GBP continue. I just cant see Asia or Europe being comfortable coming into the week buying cable given the current uncertainty on the political and economic side of the UK. Holding my sells and may add more. Lets hope for the best. The Ichimoku indicator also looks promising. Lets hope for the best. 1.2875 MAX then down to 1.2500. Holding onto my sells
Comment:
the price may retrace to 1.2865 (.618 retracement) max 1.2900 (50% retracement) then drop to 1.2500 from there.