The pair respected the falling trend line resistance yesterday and since then has been on a way route to 31-year lows.
The selling is so intense that technical correction does not last more than 20-pips.... this despite being oversold on 4-hr and hourly time frame.
Anyone out there who intends to go long on Sterling should ideally wait for a breach of the falling trendline or for a bullish price-RSI divergence.
The selling is so intense that technical correction does not last more than 20-pips.... this despite being oversold on 4-hr and hourly time frame.
Anyone out there who intends to go long on Sterling should ideally wait for a breach of the falling trendline or for a bullish price-RSI divergence.
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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.