This pair is about to go into bull mode if the market does not test any lower. I expect market to regain momentum if price stays above 1.22 over the next 4 to 5 days.
This stock is in bear trend but has found some strength to recover some lost ground mainly due to general strength of the UK stock market. It's retesting the level of support from the wedge formation and should find resistance, terminating in a return to the downside.
