This pair has come to a critical level in its pursuit to fill the 'gap' created the week after Brexit. Two scenarios here and we will probably wait until after the decision to enter as we will know more. From a text book point of view we do have some bullish indications, namely a double bottom and bullish engulfing candle on 1.28510. Due to the fundamentals going on we are still BEARISH
Comment:
No rate cut so we may see this pair move higher