• Ascending channel holding quite well • Strong dollar is driving most pairs down • Bears on temporary hold near the trend line support, and the 240 4-hour moving average at 1.37700 • Back in 2017, sterling went up to 1.43, few pips away from 2021 highs and then retreated back to 1.37 before going up again towards 1.44 • In technical analysis, history repeats itself. If this assumption is correct, the pair might go down to 1.37 before going up again