Sterling was underperforming last firday. A popular chart was on social media and people expecting the market would reward the upper trendline
and make a correction lower to look for support at the lower trendline
. I personally wouldn't get too excited about this view until the RSI trendline
got broken. A break of 4H RSI trendline
and simple price trendline
would confirm the finish of the C wave. We haven't seen neither of them, and I think we will know the answer very soon.