The significant pullback has given the bears a good zone to short from, we should see price fall from here...
bullish flag pattern to sell zone then melt...
If structure is respected, price should swing lower.
Price has made its way to the golden ratio fib level, looking for a h&s reversal before shorting the ride down.
correlation with dxy breakout, potential reversal.
Price is approaching a key reversal zone where there has been previous multiple wicks
price has made a double top at fib level confluence, third trend line touch break and retracement = melt.
inverse h&s and breach of trendline may see this pair fly.. also created a higher low...
pullback to fib levels and long term resistance.
GBP crosses are very volatile considering the government fundamental context but this is potential long term swing trade...
momentum fading suggesting potential short.
potential h&s reversal, if price breaks higher, it may reverse at fib level just above zone, sell limits placed at nearby resistance.
A slight pullback but there is still bullish potential...