This pair is on a downtrend and it has just hit a horizontal significant level at 137.663. Either a slight bounce up to the previous high, however a triangle formation indicates that it might break lower past the significant level. RSI looks to be on a downtrend towards the 30.
Momentum Breakout level on the 1.9800 level where there are 3 touches to the point. Good opportunity to buy when breakout happens.
Bullish trend and also the pounds push back from the start of the week.