We are going long GBP for this pair. There is clear divergence on the daily chart and weekly indicated with the white lines.Our stochastic's look good for a long as well. As well we have big support here with the triple bottom. The price has been tested 3 times and is holding. More to see on the weekly
Entry 1.7726 with the target being around 1.89
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Looking at the weekly more is revealed for our long position. This price was the bottom in April of 2013. That is support 4 times now including the weekly chart.
Divergence can be seen here as well. RSI is climbing back up.
The 55 EMA and 100EMA has crossed the 200EMA This is a death cross. But when these things happen price retraces first before the next big drop where we will break through this bottom.