During Thursday’s trading session, the currency exchange rate broke the upper boundary of the medium pattern line at the 1.2908 mark. Note, due to that fact, the pattern was corrected!
In regards to the near-term future, most likely, the British Pound will continue appreciating against the US Dollar towards the 1.3000 level. Besides, the 55-hour and the 100-hour SMAs will support the surge during the day.
However, the British Pound could depreciate against the US Dollar at any time due to uncertainty with the Brexit deal. Stay tuned to the latest news!
