The recent support of 1.238 which was broken would soon be tested possibly by this Friday to see if its now the new resistance
Its like catching a knife now longing this, but if you look at monthly you would see 1.21-1.22 levels are places where strong bounces seen in the past
Its like catching a knife now longing this, but if you look at monthly you would see 1.21-1.22 levels are places where strong bounces seen in the past
Note
Price actually tested 1.20 level, which is a strong monthly support level. If it closes below and gets to 1.19 the longs would be invalidated Picking a bottom on pound has been tough, but we all know it can reverse pretty fast as clouds starts to move over the brexit deal dilemma
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.