a Divergence has been signalled on the 10th and the pair seems to be reacting to the signal. The pair is currently in a up trend (H1), but the upper border of the trend Channel are descending and with GBP government bonds 2yr yield also in a bearish position we might see a move to the bearish side. With that said, the anchored weekly VWAP line has flattened and a grey channel has been formed.
Trade suggestion is not to trade the pair until the upper or lower levels of the grey area has been broken with confirmation of such a break out.
Good luck and happy trading
Trade suggestion is not to trade the pair until the upper or lower levels of the grey area has been broken with confirmation of such a break out.
Good luck and happy trading