With the previous compression bull outbreak. the trend will end on 1.618 with one or 2 retracement to the highlighted area. Thus, we currently placing buy limit on the highlighted area and few short term shorting position during retracement period.
as we see currently the price are moving in compression movement which might need a little bit more of force before boosting out.
We expecting the investor are currently looking for a good price and opportunity to purchase pound ahead of article 50 which will be triggering on 29 march 2017.
thus, we will long this pair at 0.5 lvl and 0.382 with projection target...
