As predicted, the pound dollar broke its weak structure and we are looking for farther downside for this pair. There is no bullish bias for this pair and structurally it looks ready to go down. The green line depicts a scenario where the price will consolidate in a small range before breaking farther down. Regardless, we see 1.35 as an area price must retest before any relief rally can happen.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.