Price should pull back to 1.238

The recent support of 1.238 which was broken would soon be tested possibly by this Friday to see if its now the new resistance

Its like catching a knife now longing this, but if you look at monthly you would see 1.21-1.22 levels are places where strong bounces seen in the past

Kommentar:

Price actually tested 1.20 level, which is a strong monthly support level. If it closes below and gets to 1.19 the longs would be invalidated

Picking a bottom on pound has been tough, but we all know it can reverse pretty fast as clouds starts to move over the brexit deal dilemma