The government lost the key vote by 328 to 301 which means that rebel/opposition lawmakers will now look to try and pass a bill seeking to delay Brexit beyond 31 October 2019. Well, the technicals are still intact. Price is still trading within the channel-down pattern, and until the upper boundary breaks, we will continue to look to short the rallies. Today's key reversal point is projected at R2, and by extension to R3.
But with the negative PMI, I think the rally is coming to an end. Watch the key resistance level at R2
But with the negative PMI, I think the rally is coming to an end. Watch the key resistance level at R2