Deeper pullback
Well, that is my mind made up.
The close of the 1 hour candlestick off the 50 EMA (Yellow line) and a dithery looking body leaves me waiting for a deeper pullback. It may not happen, but I don't want to chase a long at this level. 1.2900 and the 100 EMA and pivot point on the Daily chart forms my desires for long. Anyways, look out for the headline risk as per normal for the GBP these days. One day the market will wake up and look at the data. Until now, it's all about article 50 and Theresa May. At least on the bright side we get to look into the eccentric world of British politics. It makes Hogwarts look positively normal, but what would I know as I am just a muggle as my children tell me. (Let the reader understand :-) )
