Price is reacting to the bottom of range and can see another leg up
waiting for this to climb to 1.72400 area for weakness and a short position
on a lower TF will be looking for a reversal pattern like an ascending wedge for a tight entry
Looking for some price action in red box area with a tight stop long entry for price to attempt to break back into weekly range
To me £ is bullish. In comparison to how it's performing against kiwi and aud which have been the strongest currencies the last few weeks and $ is weak so expecting another swing up. Monitoring price at the 1.26/1.25 level for a lower risk entry.
Going to track this on lower TF as the next leg is to target 1.04
looking for some price action as expecting a break to the upside
this can push down more but the move I want to catch is the buy to target 1.78