The rise across is Dollar and not the pound fall.
If that is the interpretation then read this.
Risk Reward is not commensurate to Short the GBP here.
While the underlying tone remains weaker.
Close will aid some more inputs.
Clearly a range of 1.2610-1.2710
Old target of 1.2612 met.
Now re-grouping and assertion.
One move towards 1.2650-70 is not ruled out.
The bigger frame fib 0.382 at1.2617
and 0.5 around 1.2557 blocks for the bears, the last one being the long term moving average.
If that is the interpretation then read this.
Risk Reward is not commensurate to Short the GBP here.
While the underlying tone remains weaker.
Close will aid some more inputs.
Clearly a range of 1.2610-1.2710
Old target of 1.2612 met.
Now re-grouping and assertion.
One move towards 1.2650-70 is not ruled out.
The bigger frame fib 0.382 at1.2617
and 0.5 around 1.2557 blocks for the bears, the last one being the long term moving average.
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