Pound dollar has closed this week on a very important decision level. we see a dodji formation just perfectly on the retest of the recently broken rising trendline.
I tried to short the pair on Friday buy closed my trade on breakeven not being satisfied with the reaction of bears.
for next week we have two potential scenarios with you:
bullish: in case of a bullish breakout of the trendline, buyers will most likely push the pair higher and 1.32 level will be reached
bearish: trendline will be respected and with a strong bearish reaction 1.29 level will be retested
in such moments of uncertainty, the best strategy for us it to wait for a signal before taking any action!
good luck!
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