Traders,
This is a hard one to analysis.
Fundamentally, no good news for Pounds to go up.
And last Friday, pounds just follow all the other non-dollars pairs drop down back to 1.32 round, that made our last broken trendline not valid anymore!
The new trendline is now pressuring price to go up but could force it go down to 1.29 round for another 300 pips.
Less is more!
This is a hard one to analysis.
Fundamentally, no good news for Pounds to go up.
And last Friday, pounds just follow all the other non-dollars pairs drop down back to 1.32 round, that made our last broken trendline not valid anymore!
The new trendline is now pressuring price to go up but could force it go down to 1.29 round for another 300 pips.
Less is more!
