The has also fallen below the 50 mark, confirming a possible downtrend. If then price action continues to break through the levels, this indicates a downward trend forming. Monday morning will also see the Mortgage Approvals, money supply and net lending to individuals data releases for the UK. Lower than expected readings will put pressure on the pair.
Also, you can't have two different ideas on the same instrument, at the same time. Either you are short, long, or neutral. You can't be long and short