BUY GBP/USD

The triggering of Article 50 was supposed to herald a steep fall in the fortunes of GBP/USD seems instead to have turned the GBP increasingly BULLISH. Possibly an example of sell the rumour buy the news. All GBP pairs are looking increasingly BULLISH and we recommend LONG positions on this and all other GBP pairs.

As long as we remain above 1.2376 GBP/USD is a BUY on dips. 1.2572 is the DTF 200 sma. A break and hold above will accelerate gains.