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- Sterling breaks the low made on Sep 23rd after Prime Minister Theresa May said the UK will trigger Article 50 before the end of March 2017.
- This shows that U.K will officially leave the EU in Apr 2019.
- GBP/USD has declined till 1.29053 after making a high of 1.30580 on Friday. The pair is struggling to close above 14-day MA. Any break above 14- day MA (1.3075) confirms minor bullishness, a jump till 1.3120/1.3150 (21- day MA) is possible.
- On the lower side, any break below 1.29000 will drag the pair further down till 1.2865/1.2800.
It is good to sell on rallies around 1.2900 with SL around 1.2960 for the TP of 1.2800/1.2780
