After last weeks move downwards (as predicted) I am now expecting a short-term bounce (1-Day) off the current support level to create a "Relief Candle" (also known as a pullback) before continuing downwards. As we know, next week is a big week for the GBP as the parliamentary vote is in place so be wary of this is you are planning to enter. If market gaps up, I would expect it to continue the move up for the day which'll give shorts an entry.
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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.