Brexit talks this week could cause for some extra volatility in the GBP pairs as we near the deadline. Stay cautious on these pairs.
Price has fallen out of a rising wedge and below the 200MA on the 1h timeframe but we still have a lot of buyers at 138 level. We would like to see the 200MA on the 1h timeframe to hold as resistance to form a double top or see a bearish engulfing at the key monthly at 139.8 before looking short.
Price has fallen out of a rising wedge and below the 200MA on the 1h timeframe but we still have a lot of buyers at 138 level. We would like to see the 200MA on the 1h timeframe to hold as resistance to form a double top or see a bearish engulfing at the key monthly at 139.8 before looking short.