looking at the chart we have marked out key levels with active Options strike prices supported with high volume and open interest. We plan to observe how price reacts at 1.3300 and 1.2500 levels prior the the expiration of these contracts. In terms of price action , Cable still maintains an upward trajectory in line with non-commercial sentiments and seasonal outlook. UK bond price maybe trending downwards in line with its inverse relationship with the GBPUSD. However, the Brexit fears may invalidate this move if the trend line is broken and prices fall below 1.2500