The pound will receive strong resistance around the red circle:
1. Suppress from the upper track
2. MA 90 of 3Days
3 23.6% of Fib retracement
4. Stoch RSI at overbought
Not matter how far the rebound of pound will go, how strong it will be in the future, we need to be careful with the first retracement in next 2 weeks.
1. Suppress from the upper track
2. MA 90 of 3Days
3 23.6% of Fib retracement
4. Stoch RSI at overbought
Not matter how far the rebound of pound will go, how strong it will be in the future, we need to be careful with the first retracement in next 2 weeks.
Comment:
Detail
Comment:
The first up wave lower track is broken, we are in correction right now, it's good for the bull's health, and now we need to watch 3 support area:
1. MA7
2.Support zone
3.Support lower track
And I don't think short is a good idea.
Good luck.
1. MA7
2.Support zone
3.Support lower track
And I don't think short is a good idea.
Good luck.
Comment:
2nd support zone seems strong enough, we will see wave 5 incoming.
