GBP has been in a strong downtrend all year.
Broke a long lasting trend line at 18.35 which is just under 38.2 fibs level
Price is testing 61.8 Fibs on Daily and
17.26 PRZ tested on Aug 18th 2018 & 4th Feb 2019 is a long standing support - major/minor ?
2:2 pattern would price go to 17.04 @ 78.6 Fibs
Long term short
Short term buy
Broke a long lasting trend line at 18.35 which is just under 38.2 fibs level
Price is testing 61.8 Fibs on Daily and
17.26 PRZ tested on Aug 18th 2018 & 4th Feb 2019 is a long standing support - major/minor ?
2:2 pattern would price go to 17.04 @ 78.6 Fibs
Long term short
Short term buy