Poor data out of the UK push the British Pound to a 5 1/2 year low again the US dollar . Fundamental analysis would suggest the British pound will continue to fall lower?. How ever Price action has drop into a reversal zone?, where Bulls can be found waiting to buy this pair. So will price continue to drop below Monthly Support (MS2) @ 1.4384 . Or will we get the Bulls buying here and pushing the pound higher?.
There is no sign right now price is reversing so its one to keep watching ?
Good Luck with you trades