GBP Futures Setup

We have a high prob technical breakout setting up here.

This pink line represents a pitchfork slope at the 61.8. A break here implies a textbook accelerated move to near term lows.

If you look at the EURO you see a similar break that already began. Given the data points tomorrow, we should expect to see some major movement in the next 48 hours.


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poor lows looking to get tested

GBP/USD holding below the 1.30 level over the transition period concerns. Reports circulated that EU authorities planned to take aim at London’s financial sector by amending the bloc’s MIFID 11 laws