I'm not the biggest fan of the FX market but this thing looks like it just wants to die.
GBP is staring into oblivion, if it tips over there is a low way down
There or only a few levels holding this thing up. If these levels go then I think things will get bloody and very ugly.
I don't see any set ups at the moment but they will show themselves.
1.20000 looks pretty as a first stop, price is hovering above last week's low. If that low gives alarm bells go off in my head.
GBP is staring into oblivion, if it tips over there is a low way down
There or only a few levels holding this thing up. If these levels go then I think things will get bloody and very ugly.
I don't see any set ups at the moment but they will show themselves.
1.20000 looks pretty as a first stop, price is hovering above last week's low. If that low gives alarm bells go off in my head.
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