Although GBP is very weak and in a downtrend but also it's very hard not to ignore all the buying pressure. As you all know we are in a multi year low and weekly chart has printed three weekly inverted hammer patterns after three railroad track candles. It's obvious all the selling pressure is being absorbed for a uptrend in the coming week or so.
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.