Ian Coleman, of First4Trading.net, explains in a technical analysis of charts why he is trading GBPUSD while taking British PM Theresa May’s Brexit speech on Tuesday into account.

He plans to buy GBPUSD at 1.2065 with a stop at 1.1870. His medium-term target is 1.3350-1.3380.

Coleman features technical analysis of a selected trade every Tuesday on Trading Floor.