Price has rallied on this pair since early september due to renewed brexit optimism. Price quickly reached the significant 135 level but failed to sustain the break of this level. With a dampener put on the irish back stop and rising tension in the middle east this pair started to reverse on friday. Price has broken the local trendline and closed below the 4 hour 20 ema suggesting further downside. Targets 132 and 130.5 in extension.