The Pound has been on short selling this start of the new year mainly due to uncertainty with Brexit and comments made by the PM.
If price can close below this fib, shorts are preferred with the next fib a target and possibly the 23% area.
Stops above the current fib where price is lingering.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.