Ok, so yesterday this pair broke the trendline but failed to stay above it and after Cad had some positive news it dropped back to where the rally started.
However, today is the big day for the pound and I'm expecting to trendline break and hold this time to see a rally towards 1.69 where the next meaningful resistance is.
Pair has created simple W bottom which usually suggests going long.
However, today is the big day for the pound and I'm expecting to trendline break and hold this time to see a rally towards 1.69 where the next meaningful resistance is.
Pair has created simple W bottom which usually suggests going long.