Description
⋅ The British Pound has entered a consolidation phase which is supported by
1. Flat SSA
2. Flat SSB
3. Flat Tenkan Sen
4. Flat Kijun Sen
5. Chikou - close to price
Overall the Sentiment is Bearish (Weakly) with price below Kumo.
For the coming week , the Ichimoku indicators would suggest
1. Small Pullback - where price moves between TS and KS.
2. Moderate Pullback - where price breaks TS and moves toward trendline and SSA resistance (1.2450 - 1.250 ) .
There is no indication of trend ie. no signs for a trend continuation or trend reversal presently on the daily charts