My team is utterly focused on this pair as well as its major peer GBPCHF (for possible upside momentum). What we are looking for is a big downside move following previous decline. Under current circumstances it seems that the move will be directed by the weakness in EUR and CHF while GBP might correct.
Note
The pattern changed but the setup is still valid
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.