Chart of the day: GBP 16th December 2016. It’s been a turbulent year for Sterling and with numerous Euro related events on the calendar for 2017, as well as further Brexit issues to sort out, next year could also turn out to be another volatile one for GBP. Still trending below the cloud & with current upside momentum weakening – a break down from here, could see 1.20 and 1.15 targeted. Upside short term buffers at 1.30. Currently trading: 1.2436
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Information provided by Stephen Hoad BA Hons, MSc, MSTA – full time trader, technical analyst and one of the UK’s leading trader trainers. Currently a lecturer for the Society of Technical Analysts.