More likely in my view to be a short squeeze to wreck stops at the key level Trendline break before moving lower.
Looks like a banks playbook trade. if you look at Daily time Frame a double top has formed already. No deal brexit very likely as well means there's no fundamentals for GBP to go higher against most pairs at the moment.
Looks like a banks playbook trade. if you look at Daily time Frame a double top has formed already. No deal brexit very likely as well means there's no fundamentals for GBP to go higher against most pairs at the moment.