Huge Bearish Trend, but market correction expected within the GBP and should see an upwards move towards TP - We have failed to get a good close below the 1.6050 level and we are expecting buyers to come back into the market. With Investors putting Brexit to the back on their mind and seeing the GBP as undervalued at the moment.
We entered this, a few hours ago this morning, even after under forecast GBP data in Construction still didn't pause the momentum this pair is looking at. TP around the 1.6250 area but an Extreme TP could be the 1.6500 mark. This is not a long term expected bullish move