This might be a sideways consolidation with a further breakdown- if we cannot can gain ground back above current resistance around 170.70
Whatever happens in the future - currently the system is long... until its short. a red down triangle will appear in that case.
Note the daily range expanded to 150% before reversing and the reversal was the equivalent of a 100% range move... so lots of participation or ATR in the GBP pairs... but will they simply tail off from here?
The weekly and daily ranges are currently best for
from last look - and so we can expect more action/ range expansion to come this week...
So this trade might be a nice gap filler kind of day/week....
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