The pound showed a huge upward momentum last week, but is reaching key resistance zones.
The uptrend pattern is a sharp rising wedge, it will take a bit to reverse this momentum, but will move quickly when it does. Sell only in the break of the support line.
Be warned a test of the daily channel may occur around the 1.89 area. Just wait for price to give its direction.
The uptrend pattern is a sharp rising wedge, it will take a bit to reverse this momentum, but will move quickly when it does. Sell only in the break of the support line.
Be warned a test of the daily channel may occur around the 1.89 area. Just wait for price to give its direction.