I am a bear on Pound and this pair specifically, for the following reasons:
1) Pound weak because of the Brexit issues leading to March 2017.
2) Swiss Franc is stronger than GBP currently.
Price currently at 1.23537 and EMA 21 & 55 show market being bearish for now stochastic approaching oversold. Market falling from MPP and target MM1.
Price currently at resistance level between WM1 and WS2. Stochastic in the overbought level. Market in the 50.0 fib zone, and price should continue down.
Price currently retraced almost to DPP with target being DM1, also at fib 38.2 and resistance. Also EMAs 21 & 55 shows market falling. Looking to short as soon as lower time frames allows.
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1 year forex Trading experience.. Still in Training and progressing reasonably well...