GBPUSD (1.2911): The British pound continues to remain volatile with the currency pair reacting to any report on Brexit talks. After rising to session highs of 1.3028, the currency pair fell back towards Friday’s close. We continue to watch the potential head and shoulders pattern that is evolving. A continued decline to 1.2808 neckline support and a break down below this level will trigger further selling. This could push the cable down to 1.2682 as the measured downside target.
