Some dramatic price action with the sterling pairs on news the UK and the EU may have reached an agreement on the impasse over Northern Ireland. News that a deal had been agreed resulted in GBP soaring higher across all our pairs, but as always with anything Brexit related, today has seen a cooling in the price action with the biggest reversal in gbp/jpy – affectionately known as the Yeppy.
We can see the setup clearly in the csi and captured with great precision by the Renko chart for MT4.