During Wednesday’s trading session, the previously drawn pattern was broken. Due to that fact, the chart was thoroughly reviewed to make a new pattern.
Brexit negotiation about Ireland border pushed the British Pound to appreciate against the US Dollar. There are expected two scenarios, if the United Kingdom and Ireland will agree not to build an outpost in Northern Ireland, most likely, the rate will break the upper boundary of the dominant pattern line at 1.3100 mark to trade towards the weekly R2 at 1.3181.
On the other hand, if the United Kingdom and Ireland will not agree on the deal, to the rate could go downwards to trade at the 1.2950 level.
