GBPUSD SHORTPrice is at an important area in structure. Price can do one of two things here, either price will break structure and continue up to the next resistance area or sell off from where price is currently. Price is possibly forming an bearish flag, currently price formed an ascending channel and possibly could be forming an rising wedge towards trend line resistance. On LTF it does look as though it possibly could be forming an tripe top. - PMGAI
Gbpweak
POUND WEAK AGAINST SWISS FRANCKA SECOND OPPORTUNITY ON THIS PAIR, AND HERE'S WHAT IT LOOKS LIKE TO ME.
PRICE IS CURRENTLY IN AN EXHAUSTIVE OR CORRECTIVE PHASE MEANING THAT WE'RE LOOKING TO TAKE ADVANTAGE OF POSSIBLE CONTINUATION AFTER THIS WEEKLY RETRACEMENT. I'M WAITING FOR THE BREAK OF DAILY SUPPORT LEVEL 1.29200. I'D PREFERABLY LIKE TO SEE A STRONG BEARISH CANDLE TO SHOW A NICE BREAK OF THAT LEVEL, FOLLOWED BY A RETEST. AND WE CAN RIDE PRICE TO 1.4600
POUND IS ALSO WEAK ACROSS THE BOARD, WITH GBPUSD,GBPCAD, GBPJPY AND GBPAUD ALL SELLING.