those who will trade the US session today, pay close attention to pound dollar pair.
after a slight movement upwards from horizontal support buyers show their unwillingness to push the market higher and we see the immediate drop back to support from 1.306 level.
from a current perspective, the sentiment is changing and at the moment bears are trying to break through a key structure. being broken to the downside, I will expect a bearish continuation to 1.28 level.
I am seeing a bounce at 1.278-1.282 before a run up to near 1.30. Longer Term I am still seeing us headed to 1.20 ish. So will buy the in bounce and sell the rally. Holding short from 1.33 so alternatively Long Term I might cover a strong move up near 1.25
Donnyboy123
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I am short the pair yesterday 2/5 at 1.3010 and holding