Is the rally began, the pound-dollar exchange rate

Is the rally began, the pound-dollar exchange rate

GBP/USD   rallied on news that the UK Government is unable to trigger Article 50 of the Lisbon Treaty without the approval of Parliament.
if the activists win their case then there is a good chance the Pound would rally as markets tend to be aligned in a pro-EU manner
However, such A rally need to approve ultimately short-lived as the Government would surely challenge the outcome

Break up 1.2460-80 On the upside would target next projection levels at 1.2740 level and even more 

                                  AS I WORTE ON  LAST POST

On the upside, above 1.3170 minor resistance will possibly extend the consolidation pattern, In the bigger picture, the down trend is still in progress".

From the other side as long as GBP USD remain Below 1.2210 it will turn bias to the downside for 1.1900 area. Break there will extend the larger down trend. On the upside, break of 1.2460-1.2480 minor resistance intact will suggest short term bottoming and bring rebound 

GBP/USD ANALYSIS

Break of 1.3568 resistance is needed to confirm medium term bottoming. Otherwise, outlook will remain bearish

This review does not including any document and / or file attached to it as an advice or recommendation to buy / sell securities and / or other advice