Cable traders are getting used to market gaps on Monday opening. most of the gaps recently are fueled by comments coming from the UK during weekend.
Major news coming within the next few hours will be the result of hearings in front of british court deciding if parliament should be part of negotiations with the European union.
Anyway, From technical point of view , I find that the pair is currently supported around 1.2130$ area as shown below and there is a potential trend line if not broken during the current 4h candle.
Support can be found at 1.2130$ , So any long positions should be closed on 1h candle closing below that level. Targets for the long positions should be around 1.2360$
Major news coming within the next few hours will be the result of hearings in front of british court deciding if parliament should be part of negotiations with the European union.
Anyway, From technical point of view , I find that the pair is currently supported around 1.2130$ area as shown below and there is a potential trend line if not broken during the current 4h candle.
Support can be found at 1.2130$ , So any long positions should be closed on 1h candle closing below that level. Targets for the long positions should be around 1.2360$
