GBP negative on all time frames. Long-term trend down.
Multiple death crosses on the daily chart.
Currently in the middle of the descending long term wedge.
Brexit uncertainty not helping it turn around.
As uncertainty continues, look for it to fall further towards the 1.20 level - Bottom of the wedge forming support.
Short term rebound possible in light of the current oversold condition.
Multiple death crosses on the daily chart.
Currently in the middle of the descending long term wedge.
Brexit uncertainty not helping it turn around.
As uncertainty continues, look for it to fall further towards the 1.20 level - Bottom of the wedge forming support.
Short term rebound possible in light of the current oversold condition.