The Pound had successfully made its way towards 1.3250 as expected to form a bearish engulfing pattern around that area which I personally indicated on the previous post that the market is still bearish below 1.3250.
currently, the Pound has already hit the target at 1.3150. a break below 1.3120 may drive it even lower toward 1.3065. but keep in mind that the market is now trading at a support level and might struggle a bit, so a break underneath would be a confirmation to hold our short position.
currently, the Pound has already hit the target at 1.3150. a break below 1.3120 may drive it even lower toward 1.3065. but keep in mind that the market is now trading at a support level and might struggle a bit, so a break underneath would be a confirmation to hold our short position.