Looks like this is a falling wedge which it broke and now back to retest. Let's wait and see the price action at 1130-1150 levels.
Expecting a rejection at 115.5 - 117.0 levels and go down to around 107.
I am expecting some move up at this point.
Since there is divergence and after breaking some strong resistances it doesn't give strong signs to the upside I expect some move down. It can reach 61% fib and go from there or reach the bottom of possible broadening triangle pattern.
I expect bounce at 1200-1210 or if break it can go to 1170 and then up.
Let's see if it gets pushed down at 1292 or 1302 resistances, or break up and continue the uptrend.
Looks like it's making a flag, will be good to sell on a break.
Reaching weekly trendline and also bearish divergence. If it breaks up and consolidate over, buy. If it breaks down sell.
It can fall from here or break 1.33550 and go to 1.34000 - 1.34700 where will be good for sell.
Still waiting this pair and it doesn't stop bouncing off the blue line at 1.76937 so i expect it to go up to next big resistance at 1.90000 but i don't know how long it would take, since it's moving slow.
Waiting for one more down to 61% at 17.881 for buys.
This is my view on this pair. Waiting a break up to buy, I am not interested in selling.
Broke the trendline, let's see if GBP will make tricks again. PM me if you need help Instagram: www.instagram.com