On this chart I am currently looking for a short from around 1.32 where the price could react. I would first take a long around 1.307 where the SFP could be below the local bottom, but I don't know if it will hold and we don't look at another level below.
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The pound has formed a price action that doesn't tell me much and I'm starting to think that a long could come here at a new low, which means below the current daily level of 1.302. Another potential long would be possible for me after reclaiming the vwap level, currently at the level of 1.318, so for now I'm waiting in the middle of nowhere.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.