GBPUSD (1.4025): The British pound was seen posting strong gains on the day led by the developments on the Brexit talks which the market viewed as being positive for the GBP. The currency pair was seen trading above 1.4063 level but the gains stalled after the trend line was tested from below acting as resistance. The current consolidation could see further gains coming in. There is also the potential for GBPUSD to form an inverse head and shoulders pattern following the reversal at the resistance level of 1.4059.
