The British Pound, here shown in GBPAUD
, is still a short overall. The weekly trend has been continously down and will most likley continue its bearish
market direction. Another fractal
down had been hit two weeks ago, even though price is trading sideways currently, there is no major support price is sitting on that could lead to a stronger reversal ending the downtrend. Patience matters here, still, until further losses for GBP will show.