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Cable rallied a cent after the U.K. high court ruled that the parliament has to vote on triggering Article 50. There was another half-cent jump on a less dovish than expected BOE QIR. The pair closed in the green for the fifth consecutive day.
The pair convincingly broke above the trendline, drawn off of June and September highs, and traded up to almost 1.25. Pullback into 1.24 was quickly bought and we were soon back to 1.2475. If 1.25 goes, 50 DMA is the next target.
The pair convincingly broke above the trendline, drawn off of June and September highs, and traded up to almost 1.25. Pullback into 1.24 was quickly bought and we were soon back to 1.2475. If 1.25 goes, 50 DMA is the next target.
