Sterling broke the uptrend channel and may drop at least 200pips
Updated
confirmed by emas acting as resistance and about to cross
its important to set a tight stop and take a great part of the profit at trendline
price may revisit 1.35lvl first (prz) and at this zone it would be interesting to look at price action. because it never pullback after breaking this resistance so bulls may want to defend this level.
pay attention to the 3 support level when price reach it because price could reverse on one of those:
-trendline
-PRZ
-last bulls stand
imo thats just an healthy correction in order for price to jump further and touch higher level.
its important to set a tight stop and take a great part of the profit at trendline
price may revisit 1.35lvl first (prz) and at this zone it would be interesting to look at price action. because it never pullback after breaking this resistance so bulls may want to defend this level.
pay attention to the 3 support level when price reach it because price could reverse on one of those:
-trendline
-PRZ
-last bulls stand
imo thats just an healthy correction in order for price to jump further and touch higher level.
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