triple bottom support

GBPUSD touched a triple bottom support that began in October 2016. A bullish hammer candle set a nice stop area on the hourly and seems to confirm the range. The open interest on OANDA and the FX SI on DailyFX show a bearish indicator as this pair is 75% long. Also the highs within this range are slightly lower than the previous, so it seems smart money bets on a long-term break below support @ around 1.21.

However, that is not being confirmed presently. The range is being confirmed. Might be too early to bet against the Crown.

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