As of May 22 6:00AM Sterling/Greenback formed reverse head and shoulders pattern on the daily chart. If it holds the support (1.266xx) area it may signal the bear market reversal.
*IG client sentiment is 81% bull with 4.357 long/short ratio, investors are still very bullish on the pair. Market makers may plummet the pair as the price usually goes against investor's sentiment. *
*Path to 1.250xx is clear If 1.266xx level support breaks.
*We may see multi-day bull market If it holds 1.266xx.
*IG client sentiment is 81% bull with 4.357 long/short ratio, investors are still very bullish on the pair. Market makers may plummet the pair as the price usually goes against investor's sentiment. *
*Path to 1.250xx is clear If 1.266xx level support breaks.
*We may see multi-day bull market If it holds 1.266xx.
