BRITISH POUND/US DOLLAR
Rather comprehensively slapped down from our parallel trend lines. Why anyone should be surprised that the Article 50 letter has indeed been written and signed after they’ve had nine months to get used to the idea…
SHORT TERM TRADER: New small long at 1.2415; stop below 1.2345. Target 1.2600.
POSITION TAKER: Square.
| SUPPORT | RESISTANCE |
| 1.2400 | 1.2455 |
| 1.2375 | 1.2500 |
| 1.2350 | 1.2560 |
| 1.2325 | 1.2615 |
