You can see our support and resistance zone ( red box ) that is marked out with arrows to show where this zone has been respected as support ( orange ) and resistance ( purple ) Now price is currently hanging around this zone like a drunk idiot who doesn't want to leave the bar at closing time because he has spent all night trying to hit on the bar maid who is 20 years younger and way out his league... yes he gets REJECTED and goes home alone... just like price here is going to get REJECTED and make bearish movements.
We can see price making moves down to our TP zone ( green box ) This would give you around 80-100 pips.
As always with GBP pairings trade with caution until the muppets that run this country can decide what they are doing.
We can see price making moves down to our TP zone ( green box ) This would give you around 80-100 pips.
As always with GBP pairings trade with caution until the muppets that run this country can decide what they are doing.