The last month brought a serious volatility in pounds. Today, we expect new votes in Parliament. The movements are chaotic in a range of 600 knots. All information about Brexit and what to expect can be found here.
Technically, the diamond is similar to a diamond and the last movement is upward, with a break above 2.26 showing the likely next direction for the pound, namely the north. However, the foundation leaves us awaiting new uncertainty.
While the price is above 2.2684, we can expect increases in pounds, while alternatively if the price closes below this level, tests at 2.42, 2.22 and even 2.21 as the last stop 200 are not off the average moving average.
Trader Nikolay Georgiev