The pair is struggling near the 61.8% level. Showing difficulty to make new highs. If the level holds here, it is a great opportunity to short with little risk. While repo is in effect and GBP not showing much liquidity, best not to commit too much risk on this pair.
If we see an impulsive break of 61.8%, then a long option is in the cards.
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Good Luck and Stay Healthy
If we see an impulsive break of 61.8%, then a long option is in the cards.
Please leave a like and share your thoughts on the pair.
Good Luck and Stay Healthy