The Bears Are Back

Huge selling pressure seen with last weeks 300+ pip move. Previous trend line has been smashed on the daily charts. It is important to check the daily charts with this pair, as they respect support and resistance levels extremely well. Sells only from here for the next few weeks.

Fundamentally, the pound is becoming weaker due to breaking their rules for Brexit, and the surrounding news.


Please message me for help and advice on trading!:)