Ultimately this pair is indicating a downtrend to me.
The red lines indicate zones of support or resistance depending on strength of pound or dollar.
The red lines indicate zones of support or resistance depending on strength of pound or dollar.
Note
If it breaks above the green line that would indicate a trend reversal to bull territory.
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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.