Short the pair when weekly resistance line is retested first TP 7890
Price reacted strongly on 23% retracement level of recent highs . Bullish trend is intact and price might continue towards 093 if break the resistance level of 9067 which seems highly likely given the GBP weakness and sentiment. Also, it is worth mentioning that entire trading view pros are shouting for SHORT from previous months but price kept bouncing up and up....
Idea is weekly candle close just below the weekly trend line, giving us an opportunity to short the pair to all the way to 118.80. Weekly trend line is found at 121 level and it has been rejected. With only few pips to loose, you have lots to earn. just an idea..
Price has reached the strong trend line resistance located at 09945. If it breaks it would confirm the bullish run or else gives you short opportunity for this pair. Observe price action at 09945.
Price eventually would test weekly support level 1.2360=70