The Pound is still struggling around 1.3840 handles, but be aware of that Doji that closed yesterday, it contains many signs for a perhaps bullish movement.
first, it closed right after a kinda big selling day the day before, second, the market is starting to show higher lows, third, it pounded near to the 50 EMA.
with that being the case, a close with a hold above 1.3840 may open up the floor for more buying pressure towards 1.3990. However, I need to see a close above Feb 6th high at 1.4030 to clear the direction and see more buying action towards 1.4250 and then 1.43000
first, it closed right after a kinda big selling day the day before, second, the market is starting to show higher lows, third, it pounded near to the 50 EMA.
with that being the case, a close with a hold above 1.3840 may open up the floor for more buying pressure towards 1.3990. However, I need to see a close above Feb 6th high at 1.4030 to clear the direction and see more buying action towards 1.4250 and then 1.43000