Since 2017 we've been in an uptrend within the boundaries of an and now we're in a pullback, but have broken out of that channel after the Jan - April , bouncing at previous support @1.3065. The next moves are critical, do we continue the downtrend and retest 1.6 or break 1.34565 and move up to 1.4 and beyond.
We don't know the future, we never will. But Brexit and probabilities are high for a continuous move down, after a reasonable attempt at moving higher towards 1.345.
I won't be buying this pair unless I see a very strong move higher on a daily, 4H and 1H timeframe and one that holds support with strength, so I remain long-term .
I'm looking to sell below 1.345 and holding long-term down towards 1.5, I may also hold larger swing trades to capitalise on the inside moves.
The short term weakness of the DXY will help this pair move to the support zone
The BXY on the other hand, is seriously bearish, but with a very large candle signifying a move higher, but not very much before it hits a lot of resistance if that coincides with negative news, then a fall will follow, but again, short term support for moving higher.