Bull Flag Consolidation For British Pound Index Reason To LONG

British Pound shows an upbeat movement even though in the light of Brexit struggles. I can totally understand why the market is on sideways or consolidation phase. The trigger for British Pound to become bullish will be the favourable deal on Brexit anytime soon.

Key Trading Plan:

i) LONG if the price breaks the resistance of 126.00 with the Take Profit Target of 131.00.

ii) SHORT if the price breaks the trend line of at least below 124.00 to the support (Take Profit Target of 122.00).



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