Pound bulls got a lift, as talks of a somewhat gradual vs hard brexit appear to impress investors.
Across board the GBP appreciated against most other pairs. The GBPCHF providing the most bullish prospects.on the daily time frame, the GBPCHF posted a series of price action signals, a series of inside bar pin bars and a bullish fakey combination.
The GBPCHF made a reverse right off of the daily ascending trendline and lower rising channel.
On the 4hr time frame, downward movement was curtailed by the 200 Exponential moving average and a failure to close significantly below the ascending trendline.
A break above the high of the previous day's candle or 1.29570 level could see the GBPCHF end the week at 1.30640 the +7/8 murrey math level. The NZDCHF and GBPJPY also present good bullish prospects.
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