Looking for a continuation of the downtrend the pair has been experiencing for the past few weeks. Price has been rejecting the 61.8% Fibonacci retracement level, looking for price to close lower either tomorrow at the end of the week or early next week.
Fundamentally I am bullish on safe-haven currencies, and bearish on the Sterling because of the Delta variant fears and the delay of an increase of interest rates.
Fundamentally I am bullish on safe-haven currencies, and bearish on the Sterling because of the Delta variant fears and the delay of an increase of interest rates.
Trade closed manually:
Closed manually at 1.34205 with 75 pips profit.