So GBP has been shit lately. And frankly, it deserves to be, with the hopeless negotiatiors of the Brexit team.
After the fall I've hypothesized about a rebound, but more and more it looks like this might turn into a proper downtrend.
- Downtrend channel with current consolidation precipitating another bearish impulse - RSI and Stochastic trending lower, perhaps showing that there is enough space for another move down - MAs constitute a proper downtrend confirmation with expanding delta between lower and higher MAs
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So we went down a bit yesterday according to plan, but it looks like GBP might be consolidating at these levels for a little while more. Only time will tell.